J.J. from outside of Connecticut writes: Dear Mister Condo, I been having a problem at my condo where I used to live. I left because they were always harassing me and my daughter. I’ve been towed because my car on my parking spot and the back tire was on line of the other parking spot….
Tag: Reserve Fund
Rules for Condo Special Assessment
R.F. from Connecticut writes: Dear Mister Condo, In Connecticut, can a special assessment be levied, with a vote by homeowners to paint buildings, repair buildings, labor and material? Can the Board of directors create a special assessment, by vote from homeowners for capital improvements which is patently a capital expense? Mister Condo replies: R.F., the…
Previous Condo Trustee Allowed Unit Owner Delinquency to Go Unchecked!
M.C. from Middlesex County writes: Dear Mister Condo, Our trustee just sold her unit making me the new trustee. After she left, I found out one of the Unit owners wasn’t paying their HOA fees and that the former trustee had used funds I put in the Reserve Fund for my share of assessments to…
Condo Antenna Lease Renewal Quandary
E.M. from outside of Connecticut writes: Dear Mister Condo, We are looking for an advisor to help us understand the market value of an antenna lease we have with a major carrier. Sadly, the lease revenue is being used to offset operating expenses and not just going to build reserves. Therefore, the homeowners have become…