M.N. from New Haven County writes: Dear Mister Condo, My condo association recently hired a new management company. For the first time in history I was late on a monthly HOA fee and was charged a late fee of $15 and a statement fee of $5. The management company nicely waived the late fee since…
Tag: Common Fees
Can A Group of Condo Owners Lend Money to the Association?
G.H. from Middlesex County writes: Dear Mister Condo, Can an owner loan the association money? We were in the midst of estimated $6k repairs to the exterior of the building when one of our Unit owners put their unit on the market. The contractor indicated the problem was more severe than they initially thought and…
Can the HOA File for Bankruptcy?
X.Y. from New Jersey writes: Dear Mister Condo, Can an HOA file for bankruptcy in NJ? If the HOA has debts that the HOA cannot pay and keep the property properly maintained and operating? Because of a loophole in the law, a homeowner sued the HOA and lost, but the expenses were sufficient to defend….
Common Fee Determination Seems Unfair
B.P. from Litchfield County writes: Dear Mister Condo, I live in a 55 and over condo community and they charge by square footage. The townhouses pay more than the ranches which I don’t think is fair because all of us receive equal services such as plowing, mowing trash pickup, clubhouse use etc. I don’t believe…