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We live in a Kentucky condo association. There are 90 condo units that are 2,400 square feet and made of brick, and another 100 condo units at 1,800 square feet that are wood-framed with siding, etc.
In determining condo association fees, should the construction and cost of repair of the condo unit be taken into consideration in addition to square footage? It seems the smaller units require more frequent repair, yet condo association fees for the larger units are much higher.
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I am a member of a North Carolina condo association, and have a question regarding condo unit emergency phone lines. We are required by law to have dedicated phone lines for the fire alarm and elevator, along with a backup phone line for the fire alarm. For three condo buildings, that is a total of nine business lines.
Does anyone have suggestions on alternative, more cost effective solutions?
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What if I own my condo free and clear, but can't pay my condo assessment fees. If I fall behind, say 8-12 months, how can the HOA collect the assessments? I live in Illinois.
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What exactly can condo association deferred maintenance and unallocated interest accounts be used for? I've always understood that these 2 accounts can be used for any reserve spending, such as elevator upgrade, painting, carpeting, roofing, paving, etc.
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I'm living in a two bedroom condo. The condo association raised the maintenance fees a few months ago. Now they want all of the owners to pay assessment fees for fixing the roof and parking lot. Should the homeowners be responsible for that fee?
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We have a special assistant to the treasure going and "collecting" dues the day after from other Condo Association Members. She is demanding payment and intimidates older owners into paying, and the board won't tell her to stop. Is this discrimination?
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I recently purchased a condo in Florida and the seller disclosed a pending lawsuit. I requested all information/documentation concerning the lawsuit and was told by his real estate agent the lawsuit was finalized and there was a $300 assessment that he would pay. After I closed I learned at the first HOA meeting the judgment was for $600,000 and each owner may be assessed $6,000, but the BOD decided to file bankruptcy and appeal the decision. Also, I was not made aware of a MOA or MOA dues but found out at the meeting MOA dues were suspended/stopped during the lawsuit but BOD are discussing reinstating them at $200 per month. Should I seek legal action against seller, seller's real estate agent, or my real estate agent?
My HOA hired a company that is overcharging homeowners late fees each month, even when the payments are on time. This company, the HOA board, and associations advisers have not been responsive to homeowners' inquiries regarding this concern.
What avenues or types of lawyers would you suggest I seek to aid in resolving this very horrible matter? I have documented everything, pay on time and have remained professional in my inquiries. Thank you in advance.
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Our condo association formed a voluntary road association. They have gotten out of hand in my opinion with dues, and now they want to make it a mandatory association. I'm willing to pay my portion of the plowing, but do not want to be forced to do anything else. Do I have that option, and if so how should I present this to them?
I am an owner in a condo association that is self-managed. I have agreed to help the Board of Directors with a spreadsheet that will track dues, payments, late charges and interest charges. The attorney for the condo association says that a simple interest calculation should be used instead of a compounding calculation.
I am a software developer and have programmed both simple and compound interest for mortgages, etc., but am not sure of how simple interest is calculated on dues and late charges. Can anyone help me with a specific step-by-step procedure?
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