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Should small two-unit condo association abolish condo fees?


Question:

We just bought a condo in Wisconsin 2 months ago. The condo association comprises of just two units: ours and the couple next door. Our neighbors moved in in June. According to the by-laws there is a $40 per month maintenance fee that is to be used for the building insurance and repairs, etc. We do not enlist any outside service for lawns or snow clearance. Our neighbor and ourselves do not wish to continue paying the fee. Its simply a nuisance. But, the county register of deeds insist we must have a real estate lawyer submit a change of the by-laws to the register. Can this be correct? Why must a lawyer be involved? Also, if we as the condo association decides not to pay the fee anymore then who cares? Down the road if we or our neighbors were to sell would a potential buyer really care about how much should be in the reserve fund? Couldn't we just claim it was required for maintenance and repairs. Appreciate your answers as this is my first time in a condo situation. thanks Dale


Answers (10)

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