F.F. from Manatee County, Florida writes: Dear Mister Condo, Our non-profit Florida condo association, 120 units, may have excess funds at the end of the year. This question is included in a proxy vote. Why is it necessary to have an owners’ majority vote? Could the board just roll over the excess funds into the…
Tag: Assessments
When Do Mortgage Companies Pay HOA fees?
C.R. from Bucks County, Pennsylvania writes: Dear Mister Condo, Do mortgage companies ever pay HOA dues other than the initial few payments? Mister Condo replies: C.R., it is not unheard of for mortgage companies to pay HOA dues in a few circumstances. Banks and mortgage companies do not typically do this but there are a…
Frustrated Condo Owner Demands Board Action
B.M. from Oakland County, Michigan writes: Dear Mister Condo, I have a detached garage and I have been gathering a lot of water since the landscape around the garage has not been properly draining. Instead when it rains all the water seems to get into my garage. In the winter the water freezes making it…
Condo Owner Wants to Know if He’s Paying Too Much in Common Fees
A.P. from Queens County, New York writes: Dear Mister Condo, Being a condo owner, do I have the right to ask how they did with all bills for common charges? I want to know how much money they charge to individual owners for common charges for HOA fee. I want to find this out because…