Condo Q&A

How do I take over a small condo association board?

Written by stephen polinsky | Fri, Jun 10, 2011 @ 01:53 PM

I got displaced from my condo unit due to a very bad house fire, which occurred on May 10th 2011 in Fairfield, CT. The fire caused major structural damage in and outside of my unit. This is a 4-unit condo where the builder is the principal of the condo. The damage is primarily to my unit and some to my neighbor's unit. The builder owns the other 2 units that he has rented out (no fire damage to those units). The builder has not returned any phone call and can not be found at his house/business address since the fire. I called the insurance agent holding the master condo property insurance and they tell me that the policy was cancelled on Jan 31st 2009 due to lack of payment. The builder has been collecting common charges meanwhile which include condo master policy insurance premium. Clearly, the builder has misappropriated used those funds. Now, my family and I've a burned down house, we're living in an apartment and paying a mortgage and a rent. The building is uninsured as of now. I'd like to understand the process of taking over the condo board so I can at least get insurance on the building. My neighbor and I combined have 50% ownership of the condo. My neighbor is also shocked due to this but is unable to help much because of poor health.