R.R. from Hartford County writes: Dear Mister Condo, I recently was advised that our Board has started to address and extremely large repair required by the state. It has been mentioned in the Condo Minutes but no formal acknowledgment or assessment has been determined. I would like to run for the hills without telling the…
Tag: Selling
Pre-Sale Special Assessment Assigned to Current Condo Owner
K.K. from Florida writes: Dear Mister Condo, When I purchased my condo in 2014, I was told no upcoming assessments. Surprise! Last August, I was told assessments for work done will cost me $15k or $155/month for 10 years. Now, I am selling my condo, can the remaining monthly 155 be transferred to buyer? Mister…
Condo Let Lapse FHA and VA Certification
C.W. from New Haven County writes: Dear Mister Condo, Our complex has always maintained FHA/VA certification. This certification certainly can be viewed as either a positive or negative by some. As I understand it, last fall the government separated the two, requiring two separate certifications. My complex let the certification lapse and then chose only…
Lack of Certificate Prevents Condo From Closing
J.V. from Manhattan, NY writes: Dear Mister Condo, My condo is in contract small 4-unit Brownstone in Manhattan. We are all on the Board, one man is the president that we all elected solely based on gender. Had I known that he was a very difficult person I never would have agreed. My issue is our…