P.R. from Maryland writes: Dear Mister Condo, I own three detached homes, each with individual tax id, and over their history independently owned. Can I convert the ownership of these three, as they are three in a row neighbor detached houses, into a condominium? If that is theoretically possible, perhaps it is worth investigating said conversion…
Search Results for: maryland
How Does a Maryland Condo Association Get a Loan?
E.B. from Maryland writes: Dear Mister Condo, Our condo association wants to borrow $178,000 to refurbish our HVAC system. We know we cannot get a mortgage loan based on ownership of real property, but some states allow Associations to secure loans based on their ability to raise fees. Where do we find the relevant law?…
Maryland Condo Board Governance Issues
W.S. from Maryland writes: Dear Mister Condo, The Maryland Condominium Act (11-109d) authorizes the Council of Unit Owners enumerated powers subject to the Act and its own declaration, and bylaws. Number (16) is the right to “… and, after notice and an opportunity to be heard, levy reasonable fines for violations of the declaration, bylaws,…
Board Requiring a Minimum Temperature for All Condo Units
L.G. from Worcester County, Maryland writes: Dear Mister Condo, I have a condo in an oceanfront building and most units are empty during the winter months. Every unit has its own thermostat that’s set individually. Everyone pays their own, individual heating bills. My HOA’s bylaws state that the minimum temperature in our units must always…