M.W. from North Carolina writes: Dear Mister Condo, We live in a 9-unit condo association. There are 3 buildings: A, B, and C. Buildings A and B each have 4 units. 2 of these units are UPPER units with approximately 2500 square feet and include 3 bedrooms, 3 1/2 baths and 1 and 1/2 stories….
Tag: Assessments
Cost of Repairing Damaged Condo Dock Passed on to All Unit Owners
D.B. from Brevard County, Florida writes: Dear Mister Condo, Our dock was damaged in Hurricane Matthew. All owners were assessed to rebuild. Non-boat/lift owners feel that boat/lift owners should pay more for the dock repair because they use the dock more. Can boat owners be asked to pay more for repair and dock maintenance than…
Condo Owner Claims Unpaid Condo Fees Were Paid
L.P. from New York writes: Dear Mister Condo, I paid for my condo fees with money orders. Now the management is saying they didn’t get the ones for May, July, September, November. How do I get to see who signed the money orders to put in the bank? Mister Condo replies: L.P., depending on how…
Will Loss Assessment Insurance Cover Condo Special Assessment for Deductible?
D.K. from New Haven County, Connecticut writes: Dear Mister Condo, The condo complex (18 units) has had some insurance claims and now has a high $25,000.00 deductible on its insurance policy. I understand that I have “Loss Assessment” coverage of $1000.00 on my homeowners’ condo policy. Will this coverage pay for an assessment to the…