How do you determine if your condo association is incorporated?

Answer An association is obligated to renew its non-profit license -- if your association is a non-profit corporation -- with your secretary of state on an annual basis. Its corporate standing within the ... Read More »

Top Q&A For: How do you determine if your condo association ...

What is the formula to determine the needed reserves for a condo association given the size and age of the condo properties?

The basic way is to identify the components there really is NO specific formula.Set a standard for replacement:Say any item that would cost $10000 to replaceNow you take the useful life span of the... Read More »

How do I determine if my condo association has filed?

It depends on what you believe the association may have filed; since you chose the Liens category, one can assume that you want to know if there is a lien on your title.You can ask the local county... Read More »

If you own your home outright and the condo association has placed a lien on it for unpaid condo association fees can they take your home if the fees are not paid?

Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several ste... Read More »

Can your condo association put a lien on your condo if you havent been able to pay your maintenance fees?

Short answer: yes. Longer answer: If you are unable to keep up with paying your assessments, it's always a good idea to relay this information to your association management company and work out a ... Read More »