How do you tell if a condo corporation is in good financial shape?

Answer As an owner, you are entitled to inspect the financial records of your association. You may need to present yourself at the property management's office during business hours, but this is your righ... Read More »

Top Q&A For: How do you tell if a condo corporation is in go...

In California do condo owners have the right to review condo bills and financial statements monthly?

The only answer to your question is to review your governing documents. You should be able to find your answer in the sections that discuss finances.As well, you may want to review the California C... Read More »

What happens if there are Liens on my condo corporation?

Any lien on the association probably includes a lien on every member's title. Your local court clerk can verify this. It's a good idea for the association to find a way to get the lien lifted, so t... Read More »

When a condo or complex is operated as a corporation rather than a strata how does that affect the financing options for a new owner?

In a brief search, apparently 'strata' is a form of governance practiced in Canada and in the EU, Australia, and possibly elsewhere. It is not a familiar term of governance for condominiums in US, ... Read More »

What if the condo owner does not keep condo in good condition?

Usually the governing documents for a condominium association detail the level to which a unit owner must maintain the interior of a unit. The board may enforce the covenants of the community by se... Read More »