M.K. from outside of Connecticut writes: Dear Mister Condo, My condo has $25,000 worth of Fidelity Bond Insurance and the banks are requiring $29,700 of this insurance in order to sell or re-finance. My buyer’s mortgage is on hold until the association purchases more…(only cost is $50.00) but they are deliberating on this subject. If…
Month: September 2015
Condo Board Issues Unreasonable Rules on Pet Walking Areas
T.C. from Maryland writes: Dear Mister Condo, I have lived in my condo community for almost 2 years, and I have had 2 dogs the entire time. A Cocker Spaniel and a Maltese Poodle mix. There are rules in my county, Montgomery County, MD which state you have to pick up after your dog. I…
Unattached Houses to Condominium Conversion Sought in Maryland
P.R. from Maryland writes: Dear Mister Condo, I own three detached homes, each with individual tax id, and over their history independently owned. Can I convert the ownership of these three, as they are three in a row neighbor detached houses, into a condominium? If that is theoretically possible, perhaps it is worth investigating said conversion…
Unilateral, Not Selective, Action Against Condo Rule Breakers
L.C. from outside of Connecticut writes: Dear Mister Condo, The Board was notified of a non-compliance issue by a unit owner regarding another unit owner. Since we don’t have a management company & the Board doesn’t police the area, are we able to address this one complaint even if other owners are also in non-compliance?…