M.O. from Newport County, Rhode Island writes: Dear Mister Condo, We have an owner who has not paid his assessments for a year. He pays his dues, but not the assessments. His mailbox fell down and he wants the association to replace it. Can we say No? Mister Condo replies: M.O., failing to replace a…
Tag: Assessments
Poor Financial Planning Creates Stress for Condo Board and Owners
J.L. from South Carolina writes: Dear Mister Condo, I am the president of an 8-unit condo in Greenville, SC. Most of the units are rented and no one seems to vote, attend meetings or care. We have 3 board members, but I am the only one active. My question… the complex is in dire need…
Spreading the Word About a Condo Special Assessment
S.W. from Pennsylvania writes: Dear Mister Condo, What is the best way to communicate a plan to announce special assessment project? Mister Condo replies: S.W., special assessments are never popular. However, if the condo is going to survive there are times when there simply isn’t any other way to raise the capital to do so….
Requirement to Reveal a Possible Condo Special Assessment
R.B. from Fairfield County, Connecticut writes: Dear Mister Condo, If a Special Assessment is already voted on by the Board (i.e. all units will be assessed $X in 6 months), isn’t it the responsibility of the Property Manager to reveal this in the Resale Certificate? My understanding is that until the assessment is made ‘official’,…