C.C. from New Haven County writes: Dear Mister Condo, My Condo Association just sent notification that they are planning to increase late fees on HOA fees to $30 (25 to the association and 5 to the management company). They also plan to assess18% interest rate. Can I apply both a late fee and an interest…
Tag: Common Fees
Condo Board Closes Pools Versus Maintaining Them
T.K. from outside of Connecticut writes: Dear Mister Condo, We have 2 outdoor pools. For the past 2 years, 1 pool has been closed – no reason given. This year, none of the pools are opened. I was planning on attending the yearly board meeting that was to begin at 7 pm last evening. However,…
Underfunded Condo Association Leaves Common Area Repair to New Owner
S.M. from outside of Connecticut writes: Dear Mister Condo, One year ago, an owner financed the sale of condo. Now the new owner says there is a serious drainage problem outside back sliding doors. He asked the HOA to fix the problem but there is no money available to do so. The HOA gave the…
Validity of Condo Percentage of Unit Ownership Questioned
C.B. from Illinois writes: Dear Mister Condo, Hi, I live in a 48-unit building consisting of 24 2-bedrooms and 24 1-bedroom units. I understand that the 2-bedroom units owns a larger percentage than the one bedroom units and, of course, the assessment fees are more. We just had a new elevator upgrade which cost the…