A.J. from Middlesex County, Connecticut writes: Dear Mister Condo, Is there anyone in this state that can help me? I have called every agency. I am facing foreclosure, the association called my bank as I owed $2,000.00 for a special assessment, I didn’t even own here then they tacked on $1,200.00 in late fees. The…
Tag: Financial
Condo Special Assessment Levied 3 Years in Advance of Project
M.W. from Fairfield County, Connecticut writes: Dear Mister Condo, How far ahead can a Condo Association collect assessments for an upcoming major expense (Roof replacement). Our Board would like to assess owners 3 years ahead of the expense, can we do that? Mister Condo replies: M.W., as long as the rules for levying and collecting the…
Condo Complex Defects are the Tip of the Iceberg
L.M. from New Haven county, Connecticut writes: Dear Mister Condo, I have lived in a complex for nearly 25 years and while it’s fine, a new board and management company took over. The owners are responsible for their own windows, storm door and garage doors. I have replaced mine but some of the condos have…
Condo Owners Refusing to Pay Creates Delinquency Issues
S.M. from Ohio writes: Dear Mister Condo, There are a lot of delinquency problems at my condo due to poor previous management company. My question is how to collect effectively. Mister Condo replies: S.M., regardless of how the previous management company performed, it is the owners that didn’t pay their common fees and assessments as…