Q. This past winter was particularly damaging to the parapet walls on the roof of our building. We are looking at a large expense to rebuild at least one of the walls. Is any of this damage covered by our Association insurance policy?
Ask The Expert Q&A
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. My condo Board has approved a $25.00 late fee for payments received after the 5th of the month. Apparently, this policy was decided via email. Does the Board need to vote on a late fee at a Board meeting?{mprestriction ids="1,2,3"}
Q: How do I find out if my Association allows rentals?
Q: What happens if the bank forecloses on a property while the Association has possession? Are the tenants automatically evicted? Can the Association retain possession until all delinquent amounts are collected?