How condos calculate amount of maintenance to collect?

Answer Condominium association budgets are calculated based on expected expenses. Usually, the association treasurer looks at the history of expenses, and determines which increases are expected for the ... Read More »

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Rules of Condos for Raising Maintenance Fees in New York?

A condominium building has individual units with separate owners that jointly own interest in "common" areas. These common areas are overseen by a condo board of managers as specified by New York S... Read More »

How do you collect maintenance fees without lawyer?

Read your governing documents to determine the process by which you can collect assessments owed, and the covenant under which assessments are owed by the owner. Proceeding without legal guidance ... Read More »

How does our condo association foreclose and collect the amount they are owed?

Read the governing documents; look in the index under Assessments. Then read about the process for notifying the owner of a delinquency, the owner's right of appeal or petition, and other steps tha... Read More »

Can an apartment owners association having no legal entity collect moneys from the residents for maintenance of apartment?

Read your governing documents to determine the board's authority to collect assessments. Your term ' no legal entity' is not specific enough to inform the answer.Assessments that cover maintenance ... Read More »