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CondoAssociation.com
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How is it determined what is paid from RESERVES and what is paid from GENERAL MAINTENANCE fund when planning the yearly budget?

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One homeowner says this procedure of adding these projects to the operating budget is illegal as any new projects must be billed to the owners via a special assessment. Where can I find this answer?

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Do we need to retain our association's law firm all year? Its a monthly expense to our budget that I am unsure we really need.

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I am on a condo board in Staten Island, N.Y. The HOA financials have not been provided to the board by management and the board is told by there is no money when we ask for repairs or maintenance to common areas, I.e. clubhouse, tennis courts, pool, gym, which is falling into disrepair.

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Our condo association held a fidelity bond on our property manager. We recently paid the yearly premium and our manager has since died. Can we get some of the premium paid?

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can owner demand two years of bank statements of HOA or condo association?

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am currently in charge of the condo bank account for my 3 unit building. Since I am selling, I want to add a representative from the other units to our account. The bank will not allow me to do this without an "Appointment of Trustees" form.

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The management company of my condo in Maryland has recently informed me the Association has an accountant that produces our annual audits. This accountant appears to work for our auditor that produces our annual audits.

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Our association board has decided to charge a fee for filling out mortgage information for a buyer. Is there a sample letter to inform buyers of this fee?

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I bought this condo one year ago and attended a meeting. During the meeting, I was volunteering. During the past year, I found that the condo association does not hold an annual meeting for officer election. The current condo chairman controls everything and continues to hold the position

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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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