A.D. from Broward County, Florida writes: Dear Mister Condo, I am a newly appointed at-large Board Member (filling a vacancy from a Board Member who has left the community). We have almost 300 units at our condominium. Reviewing the Monthly Financials at my first Board meeting, I can see that 20 unit owners are 30…
Tag: Common Fees
Condo Owner Questions Potential Insurance Cost Inequity
F.D. from Dare County, North Carolina writes: Dear Mister Condo, Our HOA has 5 buildings (all duplexes). Each building has a 2 BR and a 3 BR unit. The 3 BR is larger in size and has a higher tax value. Our association pays insurance on the buildings and the cost is assessed equally among…
Who Pays Common Fees for Uninhabitable Condo Unit?
L.C. from New Haven County, Connecticut writes: Dear Mister Condo, If a unit owner is displaced because of a fire in an adjoining unit are they liable for their common charges until they can move back into their unit? Mister Condo replies: L.C., unit owners are only liable for their own common charges. In other…
Questionable Rise in Condo Delinquency Noted by New Board Member
A.D. from Broward County, Florida writes: Dear Mister Condo, I am a newly appointed at-large Board Member (filling a vacancy from a Board Member who has left the community). We have almost 300 units at our condominium. Reviewing the Monthly Financials at my first Board meeting, I can see that 20 unit owners are 30…