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Need help in your condo? Submit a Question to our experts and we'll post a Q&A on the topic.
(The full text of our"Ask the Expert" articles is available for viewing to Subscribers only.)
Q. Our condo board is passing a special assessment for some major repairs that need to be done. We want to apply a late fee of $50 for each month that owners don't pay the assessment. Can the board do this?
Q. I am the board President of an 8-unit condo building. Owners email me often with questions and concerns about the building. Most of the owners have never volunteered to serve on the board and there are only two of us who handle most of the association's needs.
Q. We are a six unit building. We have scheduled a date for our annual elections but one of the owners has indicated that he isn't attending. He is the current board President.
Q. My condo building is in need of significant repairs. We don't have the necessary funds in reserves to cover everything, so we're looking into a bank loan to cover the costs.
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