A.R. from New York City writes: Dear Mister Condo, There are two men on our board of directors. One is a dictator and has been handling our books for 25 years for no pay. The other person simply co-signs the checks to pay bills. No one wants to volunteer to be on the board. As…
Month: June 2019
Condo Tennis Courts Getting No Love (or Money) from Association
J.G. from New Haven County, Connecticut writes: Dear Mister Condo, We have two tennis courts at our condos as one of our amenities. Very few of the residents use them. A few years ago, I mentioned at a condo meeting that there were cracks starting on the courts but the association voted to do nothing….
HOA Board Imposes Special Assessment to Rebuild Reserve Fund
D.D. from Mercer County, New Jersey writes: Dear Mister Condo, Can an HOA impose a Special Assessment to simply increase the Capital Reserve? The Board failed to fund the Reserve at an appropriate level in previous years and wants to catch up; no Capital improvements are planned. Mister Condo replies: D.D., New Jersey and several…
Taxability of Willed Condo Boat Slip
K.B. from Pinellas County, Florida writes: Dear Mister Condo, My father’s small condo was willed to me after his death. It included a boat slip which is listed as an “Extra Feature” on the latest County Tax appraisal. There was no sale of the slip or the Condo but was inherited. Is the 6% sales…