K.W. from New London County, Connecticut writes: Dear Mister Condo, My daughter owns a condo in a small development, there is only one building with 4 units which she bought less than 2 years ago. Two other units have also recently sold within the last year. My daughter recently received a letter from a Real…
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Condo Developer Delivers Big Problems to New Owner
P.J. from Maryland writes: Dear Mister Condo, We bought a condo in Washington, DC, 2 years ago from a criminal developer. Thankfully, we have moved out and are now enjoying our new home with our infant son. After buying our new home and putting the condo on the market, we found out that the condo…
Can the Board Establish Reserve Fund If HOA Developer Didn’t?
M.I. from Florida writes: Dear Mister Condo, FS 718 requires the Board to create a budget with funding reserves. Is the same required for an HOA? If the developer did not create reserves in an HOA can the Board do so on its own? Mister Condo replies: M.I., I am not an attorney and offer…
Condo Owners Question Developer’s Handling of Tax Bills
F.B. from Massachusetts writes: Dear Mister Condo, We moved into a newly built condo in MA last year. We have not received a town tax bill and the town said that the builder filed the master deed too late for the town to assess the individual properties. The town said that the bills will be…