Can people in condominium units hold religious meetings?

Answer Read your governing documents to determine ways to address the impact of meetings of any kind that you want to hold in your unit. Items to consider will be: Traffic through any gate boundaryParkin... Read More »

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In a NJ condominium that you own two or more units would you become a member in bad standing if you paid assessments on one unit and did not pay on the other units?

Regardless of the number of units that you own, you owe assessments on every unit.Read your governing documents to understand your commitment to pay assessments. In addition, you can read the board... Read More »

A condominium a sinking fund to accumulate 250000 in 3 years The fund earns 9 interest pa compounded monthly If there are 200 units in the condominium how much each owner unit will payeach month?

Each unit owner will be required to pay $26.69 monthly for 3 years or 36 payments.. That amount of money will accumulate to $213,802 in those t3 years at a 9% compounded rate, or $36,198 in accumul... Read More »

How many rental units are allowed in a condominium?

The number -- usually expressed as a percentage of owner-occupancy -- depends on your governing documents. In recent times, the governing documents you need to look for are those board meeting minu... Read More »

Do you need to be a contractor to maintain a condominium complex of 32 units?

Typically, the association's board is interested in working with a vendor who is licensed, bonded and insured. Experience as a contractor can equip the vendor with the knowledge and expertise to ef... Read More »