T.S. from Virginia writes: Dear Mister Condo, I am trying to sell my condo townhouse that I have owned for many years. I found a buyer and accepted his offer. Right before closing the lender said that they could not complete the mortgage for the buyer because the condo HOA is not FHA compliant. I…
Month: July 2016
Can The Board Remove a Fellow Member of the Board for Breaking Rules?
J.P. from New Haven County writes: Dear Mister Condo, How can you remove a Board of Director member who consistently breaks the rules? Mister Condo replies: J.P., the process for removing a Director is likely outlined in your governing documents. Typically, the Board is not empowered to do so; the unit owners are. It requires…
Can a Board Member from outside the Association be Contracted to Serve?
T.R. from outside of Connecticut writes: Dear Mister Condo, Are you aware of any circumstances in which the board of a community association has a “contract” board member? Specifically, a person who is serving as a treasurer, does not own a property in the community, and presumably is paid for his “contract” services in his…
Condo Common Fees Raised Unevenly
A.A. from outside of Connecticut writes: Dear Mister Condo, My condo building consists of 50 units in varying sizes: 2 bedroom, 1 bedroom and studio. The current monthly fees already cover expenses with a surplus for Reserves. However, based upon a recent audit, the board desires to build an even higher reserve and proposes to…