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CondoAssociation.com
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In a Virginia annual condo membership meeting can THE Financials be excluded from the agenda?

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Our condo association once filed taxes with the IRS but stopped filing required tax forms to the IRS. The board has used the old tax exempt number throughout the years without filing taxes.

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How much savings should the condo association in their account?

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Please welcome our newest Business Page member - Community Financials, Inc. Community Financials Helps Condo Boards

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What is standard practice for how frequently financial reporting is provided to condo and HOA owners?

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Do most condo associations and HOAs raise their fees to match inflation. The CPI seems like a good way to do it.

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I no longer live in my condo unit, but continue to receive a water bill. I called the utility company to turn everything off completely, but they say they cannot. I never signed a contract with them, my HOA did. Now I am past due and they are threatening "more action". What can they do legally? (In Florida)

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We have two communities that share the pool. We have a contract that states there is to be a "Committee" to manage and operate the shared property. The BOD of each community has done the managing. My association finally set one up in January and I am on that committee.

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We are changing to a new management company. we are opening up a new bank account under our building name using my information as the primary person on the account . Is this normal practice?

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I live in a 32 unit bldg; it is 30 years old. Due to termites, all the common area surfaces were replaced, including decks, railings, etc; the siding was replaced with Hardee board type material. After the work was finished, we were "special assessed" about $30K. I would like to know if I can claim it on my taxes. - either state and/or federal. And if so, how do I do it? Thank you. Sorry if this is a duplicate. I am uncertain if the first attempt was sent successfully.

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.

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