I am VP of a 104-unit condo with a delinquency rate of 50% and growing. We have a collections agency working, but liens are pointless (pay $30,000. to collect $8,000?), money judgments "ha ha buddy, get in line" and wage garnishments - what wages? Who has wages these days? So, the Board is considering implementing a parking permit policy, where if you are delinquent you will not get a permit, and will be towed. I would certainly think this would be an incentive to pay. Our Bylaws, the Maryland condo act, and our attorney have all said yes we can do this. No amendments needed, just vote and implement. Does anyone have experience with such a plan? Thanks so much. We are about out of ideas, and it looks like many other condos are in similar dire straits.
