We recently purchased a condo in Tennessee. Afterwards we found out that our units (8 years old, 12 units) are associated with older (30 years, 16 in total) condo association. The older units are taking about $5,000 a year of our dues to maintain themselves while we do not have a repair and replacement fund for our roofs. The older units have all the power as they have more votes for board members. We would like to have separate accounting and were told that was out of the question. Is it possible to form our own association?
