Assessments Board Common Fees Condominium Construction Defects Financial Governance Reserve Fund

Condo Owners Question Special Assessment When Reserve Fund is Available

K.L. from Outside of Connecticut writes: Dear Mister Condo, Should repairs be paid for from reserves or special assessment? Our 30-unit condo is looking at a $200,000 bill to replace and reroute utility lines that apparently weren’t properly installed when the complex was built in the early 2000’s. We have a little over $400,000 in reserves. We have a board member who is pretty adamant that we do a special assessment to fund the repairs, while…

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Assessments Board Common Fees Condominium Financial Governance

Condo Experiences Third Special Assessment in Three Years

R.F. from New Haven County writes: Dear Mister Condo, I am a member of the Board of Directors for my association for 6 years. There are 135 homeowners in 32 buildings plus a clubhouse. The buildings’ ages are from 30-36 years built with exterior wood clapboard. The repair, prep, material and painting are on a 12-year cycle. This is the 3rd year for a “special assessment”. There is a conflict as to the definition of…

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Assessments Board Common Fees Condominium Financial Governance Property Management

Withholding Condo Common Fees for Poor Landscaping is a Bad Idea!

L.B. from New Haven writes: Dear Mister Condo, We pay a high HOA fee at my complex which includes routine work such as landscaping. Our landscapers do as little as possible and the property is always a mess. Overgrown bushes, grass, weeds, etc. Numerous complaints have been made to the property manager and she does nothing to follow thru. My question is, if I trim my own bushes, weed and basically clean up, do I…

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Assessments Common Fees Condominium Financial Governance

Identical Square Footage But Higher Monthly Condo Common Fees

K.G. from Michigan writes: Dear Mister Condo, I recently found out that a same size condo as mine is being charged less per month in monthly fees. HOA indicated they charge by the square footage which are on the original plans. I reviewed the plans and the square footage is the same. I have requested in writing, why I am paying a higher price. HOA has not responded. I don’t know where to go from…

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