R.A. from Macomb County, Michigan writes: Dear Mister Condo, Our condo is still under the developers control (less then 3 years old and only 50% of the units have been built). The concrete streets are starting to crack due to the heavy machinery traffic that uses our roads. Who is responsible to repair those roads……
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Developer Defaults on Mortgage on Land Beneath Condominium
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…
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…