K.L. from Outside of Connecticut writes: Dear Mister Condo, Should repairs be paid for from reserves or special assessment? Our 30-unit condo is looking at a $200,000 bill to replace and reroute utility lines that apparently weren’t properly installed when the complex was built in the early 2000’s. We have a little over $400,000 in reserves….
Tag: Assessments
Condo Board Excuses Some Unit Owners from Special Assessment
M.Y. from outside of Connecticut writes: Dear Mister Condo, I live in a condo which more than 70 units. The HOA has come up with an assessment for repairs of $4,250.00 for each owner. Can they make exceptions if some owners say they don’t have the money? Shouldn’t every owner have to pay their share;…
Condo Board Wishes to Tow Vehicle of Owner in Arrears
L.M. from New York writes: Dear Mister Condo, If a condo owner is in arrears and refuses to pay common charges, be legally towed, with prior written notice, from the parking plaza or street, which are all private. Thank you. Mister Condo replies: L.M., most likely not but there are exceptions. Condo owners, even those…
Condo Experiences Third Special Assessment in Three Years
R.F. from New Haven County, Connecticut writes: Dear Mister Condo, I am a member of the Board of Directors for my association for 6 years. There are 135 homeowners in 32 buildings plus a clubhouse. The buildings’ ages are from 30-36 years built with exterior wood clapboard. The repair, prep, material and painting are on…