J.J. from outside of Connecticut writes: Dear Mister Condo, Last year our association was turned over from the builder to the owners. Our board consists entirely of older members (55+). Recently they have been making changes to the condo by-laws, which appear to be discriminatory against the younger owners. 1) Our development has two common…
Month: December 2015
Assigned Condo Parking Space Has Impediment
P.R. from outside of Connecticut writes: Dear Mister Condo, My husband and I bought a condo with an assigned parking space. Included in the condo documents was a drawing of the condo parking space with each being the same size. When we tried to pull in, we noticed that there is a concrete column that…
What is “Cash” On a Condo Financial Statement?
L.P. from Fairfield County writes: Dear Mister Condo, What is the meaning of “cash” on a financial monthly statement? Thank you! Mister Condo replies: L.P., without seeing the actual statement you are talking about, I cannot give you a definitive answer. Also, since I am not a CPA my answer may not suffice your needs….
42 Years on the Condo Board!
J.M. from Massachusetts writes: Dear Mister Condo, We have a dysfunctional condo board of trustees where I live. It is a fourteen-unit condo and the self-managed board has been in place since condo was built in 1973. There was an attempt in 2009/2010 to hire a management company but the company dropped us after a…