S.H. from New Jersey writes: Dear Mister Condo, Do all unit owners vote on a new condo manager? Or just the board? Mister Condo replies: S.H., that is an interesting question. The Board, not the unit owners, negotiate the management contract and would be responsible for hiring a new condo manager. The unit owners get…
Category: Condominium
Will Loss Assessment Insurance Cover Condo Special Assessment for Deductible?
D.K. from New Haven County, Connecticut writes: Dear Mister Condo, The condo complex (18 units) has had some insurance claims and now has a high $25,000.00 deductible on its insurance policy. I understand that I have “Loss Assessment” coverage of $1000.00 on my homeowners’ condo policy. Will this coverage pay for an assessment to the…
Special Assessment Levied Every Year to Keep Common Fees Low
T.S. from Massachusetts writes: Dear Mister Condo, I live in a self-managed, 5-unit, condominium. Our Board is levying a Special Assessment, which I am fine with paying, as it is for work I have been trying to get them to complete for years. However, this is my concern. Last year, the Board levied a Special…
When One Condo Owner Refuses to Live by the Rules, All Suffer
K.G. from Chicago, IL writes: Dear Mister Condo, My condo building has 8 units. There is a unit owner (and revolving door of people that live there) lacking common decency who continues to violate established condo rules. We are self-managed, and the president has spoken to this person multiple times. My main concern is safety,…