D.K. from Broward County, Florida writes: Dear Mister Condo, Our Florida condominium association ran out of funds, did not keep correct reserves, members were never requested to waive the required reserves. The Association could not get a loan from a Florida chartered bank. The board did find a bank that one of the Directors had…
Category: Condominium
Condo Owner Wants to See Condo Employee Salaries
W.B. from Collier County, Florida writes: Dear Mister Condo, Since our quarterly maintenance fees have increased 139% since 2001, I am reviewing all expenses. The payroll is the largest expense. I have asked our board to know the salaries of our General Manager, Operations Manager, Administrator and Assistant Administrator. I was told that I need…
All in the Family: Transferring Condo Ownership Without Board Approval
F.G. from Broward County, Florida writes: Dear Mister Condo, My daughter and I own a condo together. She lives in the unit full time. I want to remove my name from the deed and turn full ownership to her. Is this something I need to obtain the condo association’s approval? Mister Condo replies: F.G., depending…
Who Can Make Motions and Serve on Condo Committees?
K.W. from New Haven County writes: Dear Mister Condo, The President calls for a committee to be formed. Can the President or any member of the BOD be a member of the committee? Also, when a motion is voted upon by the BOD and someone is opposed, should the minutes include the reason for the…