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…
Tag: Reserve Fund
Condo Reserve Fund Used to Pay Legal Expenses
T.E. from Burlington County, New Jersey writes: Dear Mister Condo, Can Reserve Funds be used to pay for legal fees of a private homeowner that sued the HOA? They now want the HOA to pay for his legal fees for a lawsuit he filed against the HOA. Mister Condo replies: T.E., I am sorry that…
Reallocating Condo Reserve Fund for Unusual Expenses
Anonymous from Connecticut writes: Dear Mister Condo, Could you comment on the definition of a condo’s “reserve account” and what it is intended for and how the funds can be used? For the past 10 years, our condo has been running smoothly but this year a few events happened that is well above our control. We…
Failed Condo Heating System from the 1960’s Not Groovy!
K.M. from New Haven County writes: Dear Mister Condo, Our condominiums were built in the 1960s. Our Community consists of 3 buildings with 14 condos in each building. (7 on the lower level and 7 upper level). Our buildings are built on concrete slabs. Our heating pipes are in the concrete slabs. There is one…