D.C. from Texas writes: Dear Mister Condo, Does a condominium association in Texas have to follow an A-Z or 1-10 process in running the meeting? Or is it okay to run the meeting any way felt best after the meeting is called to order and last month’s minutes are read? Some people think it has to be…
Category: Board
Special Assessment Surplus Not Returned to Unit Owners
J.P. from Boston writes: Dear Mister Condo, I am a unit owner and keep the books for a 12-unit, self-managed association in Boston, MA. At issue is disposition of a special assessment surplus. A vote was taken to “replace the roof”. Trustees then obtained bids, selected a contractor (no vote) and the special assessment amount…
Can A Group of Condo Owners Lend Money to the Association?
G.H. from Middlesex County writes: Dear Mister Condo, Can an owner loan the association money? We were in the midst of estimated $6k repairs to the exterior of the building when one of our Unit owners put their unit on the market. The contractor indicated the problem was more severe than they initially thought and…
Frequency of Condo Book Audit
L.L. from Litchfield County writes: Dear Mister Condo, How often should a condo complex’s books be audited? When they are audited, is the Board required to advise the owners that one has taken place and what the outcome was? Many thanks. Mister Condo replies: L.L., unless your condo documents require that the association conduct an…