V.B. from Macomb County, Michigan writes: Dear Mister Condo, Hello, Mister Condo! Our condo community is drowning in mismanagement and financial ruins. Our Property Management company is telling us we need to pay dwelling insurance for the outside dwelling. Is that our responsibility as condo owners? Clearly, they mismanage the funds stating they can no…
Search Results for: common fee
Adjusting Common Fees Based on Condo Modifications
J.G. from Windham County, Connecticut writes: Dear Mister Condo, We are a condo association in Connecticut with 92 free standing individual units; no multi-unit buildings. Our declaration includes an A-2 Schedule which lists the square footage of the units and this area determines the Unit owner condo fee. To date this schedule has been updated…
Who Pays Common Fees for Uninhabitable Condo Unit?
L.C. from New Haven County, Connecticut writes: Dear Mister Condo, If a unit owner is displaced because of a fire in an adjoining unit are they liable for their common charges until they can move back into their unit? Mister Condo replies: L.C., unit owners are only liable for their own common charges. In other…
Condo Common Fee Delinquency Calls for Effective Collections
S.M. from Franklin County, Ohio writes: Dear Mister Condo, There are a lot of common fee delinquency problems due to a poor previous management company. My question is how do we collect effectively? Mister Condo replies: S.M., relying on your management company to collect delinquent common fees really isn’t a sound strategy unless the management…