D.K. from Alabama writes: Dear Mister Condo, Is a condominium budget valid when it assesses charges to all units for a common utility expense, even when not all units have access to the benefits of the utility benefits? To be specific, the HOA dues are being used to pay for natural gas used in some…
Category: Common Fees
Condo Water Bills Going Unpaid
W.P. from New Haven County, Connecticut writes: Dear Mister Condo, I am a condo owner and am getting reports from our water utility company that bills are not being paid (several months late and $100’s in late fees). What would be the best way to address this? Mister Condo replies: W.P., I am sorry that your…
Carrying Over Snowfall Removal Surplus in the Condo Budget
J.A. from New Jersey writes: Dear Mister Condo, Is there any New Jersey law that requires budgeted amounts to be completely used up in the budget fiscal or annual year? If our snow budget amount is not used because of lack of snow removal in a given year: CAN THE BALANCE THAT WAS NOT USED…
Where Does the Unused Money in the Reserve Fund Go?
H.L. from New Haven County, Connecticut writes: Dear Mister Condo, Our PUD consists of 19 individual fee simple owners of 4 family rental apartments totaling 76 apartments. The Association is comprised of each owner owning 1/19 of the property the buildings stand on. The owners contribute each month to the maintenance of the buildings and…