T.C. from Connecticut writes: Dear Mister Condo, What % of condo associations have debt? Is it unusual or common to have debt to finance deferred maintenance? What % of CT HOAs have debt? Is it 10 %, 50%, 90% or other? What % of a condo association’s annual revenues should be used to service debt…
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Condo Association Board Not Enforcing Most Rules
W.S. from Manitowoc County, Wisconsin writes: Dear Mister Condo, Our Condominium Association has a real big problem following any rules, whether it’s number of pets, number of cars, structural changes, colors of the condominium, rental landlord policies they put in place that were never enforced. What can you do if your Association just flat-out refuses…
Trash Problems Plague Condo Association
G.B. from Cook County, Illinois writes: Dear Mister Condo, I reside in a 60-unit complex that consist of 6 buildings with 10 units each. I’m currently a three-year board member. Each building has its own garbage room inside the garage. There are rules for disposing of household garbage. All garbage should be plastic bagged, boxes…
Multiple Condo Associations Sharing Access Roads
G.J. from Genesee County, Michigan writes: Dear Mister Condo, I live in an area of Condos that were built at various times over many years, so there are various names and several different associations but all condos are served by common access roads with all share upkeep, etc.. To get to my question… There is…