M.M. from Sarasota County, Florida writes: Dear Mister Condo, Because of not having Reserves, a sudden mega increase in insurance premiums has caused a special assessment to be levied, as well as a large increase in assessments for coming year. Should the Board have offset the increase by trimming expenditures and delaying unnecessary maintenance? For…
Tag: Governance
Condo’s Lack of Reserve Fund Creates Problems Today and Tomorrow!
M.D. from Hartford County, Connecticut writes: Dear Mister Condo, Our association is getting bids on a big project. There are not enough Reserves set aside for it. I had assumed the remainder needed could be an assessment or a loan. But in the past our association significantly dwindled reserves for a decorating project, paid 100%…
Weeding Out the Condo Board
J.F. from Macomb County, Michigan writes: Dear Mister Condo, How, after decades of living here, can the condo association require me to be responsible for weeding? After years of the landscaping being done by the association, out of the blue, I get an email stating that if I don’t weed I’ll be fined. Can they…
Condo Manager / Board President Creates Conflict of Interest
J.K. from Maine writes: Dear Mister Condo, We recently purchased a condo in Maine and I have some concerns about the management. The property manager is a live in, and he is also the president of the board. The treasurer states that the property manager reports to her for guidance in running the association. The…