E.R. from New Haven County writes: Dear Mister Condo, Because of some people with high mortgages and/or second mortgages we had to purchase extra flood insurance. Now that the fee has gone up over 100 dollars more, no one can sell. We get nothing for it, no amenities, no pool, nothing at all. What can…
Category: Board
Condo-Hired Contractor Damages Interior of Unit
M.S. from Chicago writes: Dear Mister Condo, My Chicago condominium management company sent this email yesterday after 90 days of requests for repair: “The owner of “ABC” Plumbing spoke with his plumber regarding your report that he scratched your toilet while rodding. According to his plumber, he did not scratch your toilet. Because we do…
Must Notice of Board Meetings Be Served to All Unit Owners?
J.Z. from Fairfield County writes: Dear Mister Condo, Is there a Connecticut law that says Board meetings need to be posted to let unit members know when happening? Mister Condo replies: J.Z., there sure is! The Common Interest Ownership Act, also known as CIOA is a group of rules that include how condo associations must…
Condo Reserve Fund Mortgage Advice
T.C. from New Haven County writes: Dear Mister Condo, From the point of view of a financial institution funding mortgages to acquire individual condo-units, what, in your opinion, is a good level of reserves for a condominium complex in terms of multiple of monthly operating expenses? How about % of assessed value of complex? Mister…