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 How to Buy a Condo in Brooklyn?

Answer With artists, young professionals and transplants priced out of Manhattan and seeking refuge in the more affordable boroughs, Brooklyn has become a hotbed for culture and real estate. Several condo... Read More »
http://www.ehow.com/how_6827157_buy-condo-brooklyn.html

Top Q&A For: How to Buy a Condo in Brooklyn

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the p... Read More »
http://wiki.answers.com/Q/Is_there_a_law_regarding_condo_fees_I_live_in_a_four-unit_con...

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 »
http://wiki.answers.com/Q/What_is_the_formula_to_determine_the_needed_reserves_for_a_co...

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 »
http://wiki.answers.com/Q/In_California_do_condo_owners_have_the_right_to_review_condo_...

Can an owner of a condo pass on to the condo owners the park fee he was require to pay before building the condos?

There is no standard answer to your question. Read your governing documents to determine what is possible in your case. There may be special fees you pay when you purchase a unit from a developer, ... Read More »
http://wiki.answers.com/Q/Can_an_owner_of_a_condo_pass_on_to_the_condo_owners_the_park_...


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