D.D. from New Haven writes: Dear Mister Condo, We have met have at a few CAI Events. Are there any grants available to help with a capital improvement project for an Association in New Haven? Mister Condo replies: D.D., thanks for remembering we have met. I love going to CAI events and I love meeting…
Tag: Common Fees
Condo Documents Dictate Double Late Fees and Fines
I.G. from Middlesex County, Connecticut writes: Dear Mister Condo, Our By-Laws stipulate a late fee of interest plus prime rate if a payment is 30 days past due. The Rules and Regulations stipulate a $100 fee after 15 Days. Which prevails? One or both? Mister Condo replies: I.G., hopefully, every unit owner pays on time and…
Condo Owner Must Produce Common Fee Check Archive
A.B. from Hartford County writes: Dear Mister Condo, The association where I reside is on its third management company since I moved in back in 2009. The biggest issue with the last two management companies is their lack of proper financial records and management of the associations funds. Our current management company is in the…
Condo Construction Defect Loan Cannot be Paid Off Early
W.M. from outside of Connecticut writes: Dear Mister Condo, Initial construction had problems – BOD suit – went on $2.7M legal fees – won but he filed bankruptcy – urgently needed work done – BOD/Association took loan against common property – $10M – doubled condo fee – was to be provision for buyer pre-pay –…