J.E. from Fairfield County, Connecticut writes: Dear Mister Condo, I live in a 150+ unit CIOA-ruled condo. Our common charges are collected by the Property Manager.If he is being considered our Treasurer, isn’t that a conflict of interest? Mister Condo replies: J.E., I am not sure how someone is “being considered” the condo association’s Treasurer….
Tag: Board
Validity of Board Member Attendance While Teleconferencing
J.P. from Massachusetts writes: Dear Mister Condo, Are board members considered present if they attend via teleconference? Mister Condo replies: J.P., of course they are virtually present, aren’t they? I think we have all come to treat Zoom, FaceTime, Skype, and other methods of videoconferencing and teleconferencing as valid methods of meetings and, in many…
Restoring the Condo Reserve Fund Too Quickly
S.G. from Cook County, Illinois writes: Dear Mister Condo, Last year we elected the new condo Board of Directors. According to their budget analysis, they decided to increase the assessment each year by 15% to increase the reserve fund. Also, they decided at the same time to implement the 13-th month assessment to speed up…
Who Decides the Color of the Condominium?
H.T. from Windham County, Connecticut writes: Dear Mister Condo, Who decides the color of the condominium units? Mister Condo replies: H.T., initially the developer decides what color the buildings or units will be painted, stained, sided, or stone or brick or stucco. Once the condominium leaves the developer stage and transitions to the control of…