N.N. from Maine writes: Dear Mister Condo, I am part of a two-family “condo”. There is only this one house in the “condo” association. The association is filed as a non-profit corporation according to the Maine annual filings. There are just two people in the association (i.e. two units) and the association does nothing more…
Tag: Financial
Paying Interest for Prepaid HOA Dues?
D.M. from Hartford County, Connecticut writes: Dear Mister Condo, Must an HOA (PUD) pay interest, for monies held, to any homeowner who prepays HOA fees for the entire year? Mister Condo replies: D.M., I can honestly say I have never heard of an HOA paying interest to a homeowner for prepaid dues. There is no…
Condo Association Refuses to Lift Lien Against Formerly Delinquent Owner
D.M. from Dade County, Florida writes: Dear Mister Condo, I did a settlement with my Condo Association back in 2012 for maintenance fees, late fees, lien fees and lawyer fees. I paid the full settlement plus 600 dollars extra on the final payment as of this date they refuse to remove the liens off the units. What…
Preparing Condo Contractor RFP
D.M. from Hartford County, Connecticut writes: Dear Mister Condo, I am new to the board of a 28-home common interest property. Our monthly fee is about $260 and covers landscaping, plowing, outside lights, roofing and siding. I have two questions: Can you tell me what the average common interest monthly fee is in Connecticut?? Can…