H.R. from Connecticut writes: Dear Mister Condo, What percentage of residents would be needed to pass a resolution? Some residents want to have shutters installed but many don’t in our complex. The board isn’t willing to pay for them and wants the decision to be 100% in favor. Mister Condo replies: H.R., your governing documents…
Search Results for: vote
Condo Surplus of Funds Can be Transferred to Reserve Fund with Proper Vote of Owners
D.M. from Hartford County, Connecticut writes: Dear Mister Condo, Our small common interest property ended the fiscal year with a surplus of funds. How should these funds be accounted for? Can we simply vote to deposit to our long-term capital account? Mister Condo replies: D.M., I am happy to hear that your association had surplus…
Condo Board Dictating Vote Outcomes
B.M. from Bear County, Indiana writes: Dear Mister Condo, On a vote for a budget or an agenda item. If the association and or board doesn’t get a ballot back, can the association dictate if it’s yes or no? Mister Condo replies: B.M., I am not fully sure I understand your questions so forgive me…
No Membership Vote to Ratify the Annual HOA Budget
P.Z. from Mecklenburg County, North Carolina writes: Dear Mister Condo, At a HOA Annual Meeting, does the ownership vote on motions OR the Board? We just had our HOA Annual Meeting, and the Board voted to approve the 2021 Budget. We did not receive notice of the Budget being presented as per CCRs. At a previous HOA…