C.W. from Utah writes: Dear Mister Condo, My husband and I just bought a condo and after reading the governing documents there is a restriction on renting our unit. There isn’t a short term vs. long term and not much insight into the restriction other than unit can’t be rented. We want to know if…
Search Results for: Utah
HOA Board Actively Refusing to Enforce CC&Rs
C.D. from Salt Lake County, Utah writes: Dear Mister Condo, I joined our board to help our community be a better place. What ended up happening is the good old boys liked me right up until they figured out that I was free-thinking and voted my mind. They sent a letter removing me from the…
Condo Board Liability for Underfunding the Reserve Fund
G.H. from outside of Connecticut writes: Dear Mister Condo, What are the recommended best practices for boards to abide by when deciding whether, or not, to adjust annual Reserve Fund contributions to take inflation and interest on reserves into account? Is there any liability assumed by a Board if they do not take these two…
New Jersey HOA Reserve Fund Law
C.I. from New Jersey writes: Dear Mister Condo, Is there a New Jersey State Law that determines what amount of money should be in a Reserve fund for a Townhouse community of 122 units. Mister Condo replies: C.I., thank you for writing. The subject of Reserve Funds is near and dear to my heart because…