J.A. from New York, New York writes: Dear Mister Condo, I’m selling my condo apartment in NYC & want to know where do I obtain a copy of my building financials. If directly from the building management company, will they give them to me or will they charge a fee for them? What/How is it…
Tag: Selling
Condo Owner Wants to Sell Carport Without Deed
K.I. from Macomb County, Michigan writes: Dear Mister Condo, Can a condo owner sell a carport without deed? Mister Condo replies: K.I., some associations prohibit the sale of parking spaces and carport parking spaces so the first place I would check is the governing documents to make sure it is even allowed. Second, without a…
Where Does the Unused Money in the Reserve Fund Go?
H.L. from New Haven County, Connecticut writes: Dear Mister Condo, Our PUD consists of 19 individual fee simple owners of 4 family rental apartments totaling 76 apartments. The Association is comprised of each owner owning 1/19 of the property the buildings stand on. The owners contribute each month to the maintenance of the buildings and…
Condo Unit Owner Can’t Sell Due to Lack of Association Maintenance
A.K. from Massachusetts writes: Dear Mister Condo, I live in a 6-unit condominium, which is self-managed by a Board consisting of all tenants (in accordance with bylaws). The majority of the board annually votes against increasing condominium fees to make much needed repairs in order to keep their monthly fees low. I have made repeated…