How are condo fees normally assessed? Our association is on square footage. My unit requires the least amount of maintenance but I pay the maximum fees.

Can monthly condo fees be tax deductible?

Your COA documents should cover this. We are a COA in Florida 30 day - 1st notice plus $ 25 late fee 60 day - 2nd notice plus $ 25 late fee 90 day - 3rd notice plus $ 25 late fee Turn over to Lawyer plus all lawyer fees - Lawyer Lien Notice Next - Foreclosure

Our 131 unit condo association based in New York has 18 units in delinquency at over 120 days. Our bylaws say owners are past due get voting rights suspended until they are current with their payments.

Is a condo board allowed to charge interest rates of 15% compounded annually on late fees just because 15% is written in the HOA rules and regulations? I believe under a certain law 25% is definitely illegal but I'm not sure about 15%. Is it recommended to pay the late fees upfront and dispute it later?

If I have 910 lots but only 787 are occupied, do I calculate the HOA fees on the 787 occupied by leaseholders or the entire 910? I am in New York State

Now we are wondering if we can raise dues mid year by $7.00 or are we unable to due to the budget already being voted on at the annual meeting? Would we need to call the increase an assessment? and raise dues at the next annual meeting?

What percentage can an association raise condo fees, how often can they be raised, and what is the proper procedure?

Need a sample of a letter to serve to a tenant currently living in a foreclosed condo unit In the building. Demanding that they pay rent to the hoa. Instead of the owner. The owner has not paid hoa for 4 years. But continues to rent out unit.

Under the clause of HOA cannot transfer property with voter approval, can the BOD take possession of a foreclosure (for which the owner owes the HOA), rent it out until the HOA is repaid, and then sell the unit once the debt is paid all without a vote?