M.W. from Fairfield County, Connecticut writes: Dear Mister Condo, How far ahead can a Condo Association collect assessments for an upcoming major expense (Roof replacement). Our Board would like to assess owners 3 years ahead of the expense, can we do that? Mister Condo replies: M.W., as long as the rules for levying and collecting the…
Tag: Assessments
Questionable Special Assessment Disclosure Douses Condo Sale
K.L. from Onslow County, North Carolina writes: Dear Mister Condo, Can I sue my HOA for lost money on a condo sale because they prematurely published an engineering report to owners detailing possible exterior wall work? The treasurer ballparked possible special assessment costs which were unconfirmed-material fact must be disclosed-however the work was not voted…
Condo Owners Refusing to Pay Creates Delinquency Issues
S.M. from Ohio writes: Dear Mister Condo, There are a lot of delinquency problems at my condo due to poor previous management company. My question is how to collect effectively. Mister Condo replies: S.M., regardless of how the previous management company performed, it is the owners that didn’t pay their common fees and assessments as…
Cracked Condo Concrete Floors
J.J. from Guilford County, North Carolina writes: Dear Mister Condo, The concrete floor sound barrier is cracked throughout the condo. Is this something that the HOA needs to fix since it is structural? I was told by a contractor that all of the other units would most likely be in the same condition. The condo…