Assessments Board Condominium Financial Governance

Condo Board Pushes for Vinyl Siding Creating Burdensome Special Assessment

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…

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Buying Condominium Financial Governance Legal Mortgage

Vacant Condo Units Cannot Be Sold Due to Deed Restrictions

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,…

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Condominium Damage

Defect in Floor of Lanais Found and Fixed Leaving HOA Owner with Tile Replacement Expense

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…

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Assessments Board Common Fees Condominium Construction Defects Financial Governance Reserve Fund

Condo Owners Question Special Assessment When Reserve Fund is Available

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…

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