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September 2016
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"Ask the Expert"

A condo owner who is delinquent on assessment payments has not provided a current address. How do we pursue payment?

Q. I am the President of self managed condo association.  We have a total of 6 units, two of which are rented out by the owners.  One of the non-resident owners has not left an address with us and is now behind 5 months total in assessments.

How do we handle theft of condo funds?

Q: We recently discovered that our condominium association bank account was carrying a negative balance. After doing some research on the account it was discovered that the board President withdrew all the funds on the account for personal use.