L.N. from outside of Connecticut writes: Dear Mister Condo, Our condo has put in reserves $25,000 for staining our condos next year. We were to be assessed for $35,000. The board is now pushing for vinyl siding instead of staining. This would cost $364,000. They are asking owners to vote if they want this instead. Some of us do not have the funds for this. Could a Board be held responsible for not setting up reserves…
R.K. from Massachusetts writes: Dear Mister Condo, I have worked in Condominium Management for 15 years. I currently own and operate a small management company in Massachusetts. I have been awarded Manager of Year through CAI New England, and I have problem I cannot solve and need help! At the very least, perhaps you have a story to share with others in a very unusual situation. One of my clients (a 12-condo association in Cambridge,…
S.B. from Collier County, Florida writes: Dear Mister Condo, While painting our condo, flaws were found in some areas of building, including the floors of the lanais. Engineer asked that certain areas be cut/chipped away to allow inspection. Concrete was removed from approx. 10” x 6’ of my lanai, along with cutting and removal of my lanai floor tiles. Concrete was reinstalled but management company says that I’m am responsible for the reinstallation of floor…
K.L. from Outside of Connecticut writes: Dear Mister Condo, Should repairs be paid for from reserves or special assessment? Our 30-unit condo is looking at a $200,000 bill to replace and reroute utility lines that apparently weren’t properly installed when the complex was built in the early 2000’s. We have a little over $400,000 in reserves. We have a board member who is pretty adamant that we do a special assessment to fund the repairs, while…