Tag Archive: CONDO FINANCES

ARE ASSESSMENTS IN RELATION TO EXCLUSIVE USE SPACE IN A CONDO CONTROLLED BY LAW?

Here is a question from an owner about variable assessments that has a twist to it. “Hi, we are 3 owners in our building and we all have same amount of living square footage except that [1 Unit] has a very large terrace/exclusive use common area, and the other unit above me has Exclusive use […]

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NOTICE OF LAWSUITS IN AN HOA – WHAT MUST BE DISCLOSED

Sometimes owners get suspicious or concerned and think the board is hiding something from them. Here is an email from an owner that does not believe threats of lawsuits should be kept a secret. Here is what he has to say:   “My question is about board behavior as regards threatened lawsuits. Ours seems to […]

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