Condominium FHA Financial Mortgage

Streamlined FHA Rules and Condo Ownership Requirements

M.W. from Tolland County writes: Dear Mister Condo, With regards to the condominium approval process for FHA, I have heard that since HB 3700 was passed. My understanding is that the changes would streamline the application process (possibly extend approval periods), increase investor owned units from 50% to 65% and ease restrictions related to transfer fees. Are you aware of the status? Mister Condo replies: M.W., I am neither an FHA expert or a great…

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Board Condominium Financial Governance Reserve Fund

Unusual Items Paid for by Condo’s Reserve Fund

E.I. from writes: Dear Mister Condo, Are Condominium Associations permitted to use Reserve Funds to purchase and install items within units such as intercoms or programmable thermostats. Are these items considered common or non-common items? Each unit receives their own separate electricity bill for which they are responsible for. Would this be different for the purchase of low-flow shower heads where the water bill is paid for by the association and thus receives the savings?…

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Board Governance

Can the Condo Board Chair Make Motions at Condo Board Meetings?

R.B. from Hartford County writes: Dear Mister Condo, Can the chair of the board meeting (usually President), make motions? Board is less than ten members. Thank you! Mister Condo replies: R.B., ideally the Chair of the Board or Board President “presides” over the meeting. That’s the meaning of the word “president” – one who presides. However, board meetings should have agendas and motions that require presenting and seconding can get a bit tedious, especially on a…

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Condominium Governance Volunteer

Should Condo Owner Get Paid for Condo Gardening?

G.W. from outside of Connecticut writes: Dear Mister Condo, Can you volunteer to do gardening at a condo without pay? Mister Condo replies: G.W., the very nature of volunteering indicates that there will be no pay. If pay is offered, it is employment, not volunteerism. Typically speaking, it is bad policy to hire condo residents to work for the association. Why? Because it leads to question of impropriety, favoritism, unfairness, and so on. Many associations…

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