R.A. from Illinois writes: Dear Mister Condo, I backed out of a deal to buy a townhouse that had dry rotted wood along the outside trimming of the chimney and siding, and where gutter is to attach. There was even gaping holes in some areas where dry rot existed. The seller completed repairs for the…
Category: Buying
Capping Number of Condo Units Owned by Family Members
J.B. from New London County, Connecticut writes: Dear Mister Condo, My condo has 42 units. We have a few owners that own multiple units. Can we cap the number of units purchased by the owner or relatives? This could be a problem on voting. There is nothing in the bylaws and rules to prevent this….
Requirement to Reveal a Possible Condo Special Assessment
R.B. from Fairfield County, Connecticut writes: Dear Mister Condo, If a Special Assessment is already voted on by the Board (i.e. all units will be assessed $X in 6 months), isn’t it the responsibility of the Property Manager to reveal this in the Resale Certificate? My understanding is that until the assessment is made ‘official’,…
Undisclosed Condo Special Assessment
A.J. from Middlesex County, Connecticut writes: Dear Mister Condo, Is there anyone in this state that can help me? I have called every agency. I am facing foreclosure, the association called my bank as I owed $2,000.00 for a special assessment, I didn’t even own here then they tacked on $1,200.00 in late fees. The…