J.D. from New York writes: Dear Mister Condo, In New York, is there a statute of limitations applicable to a condominium where the entity claiming to be the holdover of the mortgage note has three times, without success, sought to hold a public sale? Now, more than six years have passed since the last payment…
Category: Board
Delinquent in Assessments But Still on the Condo Board
M.K. from Fairfield County writes: Dear Mister Condo, Can members be on the Board who are delinquent in common charges or are in foreclosure? Mister Condo replies: M.K., unless the community association governance documents state otherwise, the answer is “yes”. However, unless there are no other candidates for their Board position, there is no reason…
Required Condo Reserve Study in Ohio?
R.D. from Ohio writes: Dear Mister Condo, In Ohio, can a condo owner act as Associate Treasurer and must there be a Reserve Study of the Association Made? Mister Condo replies: R.D., I am not an attorney so I cannot speak to specific laws in your state. You can see a graph prepared by the…
Condo Insurance Check Issued to Unit Owner for Building Damage
S.F. from Fairfield County writes: Dear Mister Condo, Insurance check for house damage was made payable to a condo owner, who is the brother of the president of the condo association. Why did the insurance company allow this? Check amount was substantial, for several thousand dollars. Mister Condo replies: S.F., there are a few reasons…