A.W. from outside of Connecticut writes: Dear Mister Condo, Our Association Board proposed decommissioning irrigation system in order to avoid raising our dues. We have 88 units, older population on a fixed income, but one of the nicest Condo Associations in the city. Our dues have not been raised for 5 years. While this looks…
Category: Board
Small Condo Reserve Fund Basics
S.B. from Chicago writes: Dear Mister Condo, I live in a Chicago 4-unit condo building (there are hundreds of these in Chicago). Our building is worth approximately $2 million, and was built in 2005. Total square feet is approximately 6000. We have no elevator. Insurance makes up almost half our annual spend. I am treasurer….
Second Floor Added to Condo Being Reported as a Second Condo!
T.C. from outside of Connecticut writes: Dear Mister Condo, I own a condo in a four-unit complex. I am bidding out insurance. A woman at one insurance company, told me she insures my neighbors two condos in our complex. He only owns one condo, although his second floor does have its own entrance. They were…
Is It Up To The HOA Board To Decide What Is or Isn’t Acceptable?
C.B. from outside of Connecticut writes: Dear Mister Condo, If something is not specifically allowed or disallowed in our HOA bylaws (we are a site condo), does that mean it is up to the board to decide whether it is acceptable or not? Mister Condo replies: C.B., the short answer is “it depends”. What it…