M.L. from Aransas County, Texas writes: Dear Mister Condo, Our 100-unit condo complex has been “under construction” since 08/2017 after Hurricane Harvey. Shockingly, there are less than 25% of the units to punch list. We still have many buildings at studs. Our master policy has paid almost $15 million and, from what I understand, the…
Category: Condominium
Condo Board Conducting Closed Meetings at Board Member’s Home
U.S. from Hartford County, Connecticut writes: Dear Mister Condo, Re: Working Session meeting of the BOD – Is it legal for the BOD to conduct closed (not opened to association members) meetings held in a private unit of one of the BOD members to discuss Association’s affairs? The community is not notified about the date, time, location,…
Leftover Money from Condo Hurricane Insurance Payout
B.B. from Collier County, Florida writes: Dear Mister Condo, My condo association received funds from an insurance claim filed regarding hurricane damage. Included in the claim were windows, a roof, and various other items. If the association wants to use some of the funds received in the settlement to purchase new windows for all owners…
Consumer Price Index Dictates Condo Common Fees
Dear Mister Condo, J.L. from South Carolina writes: I’m president of an 8-unit condo with no reserve. Current dues to each owner are $175, total, $1,400 monthly. By the time we pay all the routine bills and management $260/monthly, we are left w/ no money to do anything. I’ve tried to increase dues, but management tells me we…