Assessments Board Common Fees Condominium Financial Governance Reserve Fund Selling

Lack of Reserve Fund Hinders Condo Sale

L.C. from outside of Connecticut writes: Dear Mister Condo, I’m getting ready to put my condo on the Market, but just found out the our HOA has no money in reserves fund. They just decided on an assessment and will take effect next month. Will I have trouble selling? Should I wait until there’s money in the reserves fund? Mister Condo replies: L.C., I have good news and I have bad news. The good news…

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Condominium Parking

Required Amount of Condo Visitor Parking

J.A. from outside of Connecticut writes: Dear Mister Condo, How many visitors parking space does a 56-unit condo require? Mister Condo replies: J.A., regardless of size, I am not aware of any “requirement” for a condominium to provide parking. It is bad planning to not provide parking and it certainly would prevent most folks from purchasing a unit if there was no parking provided. However, if the units were built without parking provided, then there…

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Board Condominium Governance Neighbor Issues Noise Rules Enforcement

Peace and Quiet Lacking at This Cape Cod Condo

C.A. from Cape Cod, Massachusetts writes: Dear Mister Condo, We are currently struggling with the noise level that comes along with a fire pit that the condo trustees planted less than 25 feet from our bedroom window!! We are an end unit and they thought that this would be a great spot. We have tried speaking with them and kindly asking them to set a curfew for the noise and they refused. Then we looked…

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Board Condominium Governance Parking

Is a Condo Tag Sale a Good Idea?

E.G. from outside of Connecticut writes: Dear Mister Condo, I am a Board of Director member of a condo and want to propose amending our rules and regulations to allow one yard sale a year for our residents. Currently it is not prohibited in any of our documents. I am looking for sample wording. Can you provide? Mister Condo replies: E.G., yard sales are actually prohibited at many associations for the simple reason that the…

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