Q At present, I am a member of a small association consisting of 12 units, with $30K in reserve. We have been told that we need to procure two new roofs for our building, to the tune of $20K each. While our reserves can clearly cover one …
It's a truism that's been phrased many ways by many wise people: “A lack of transparency results in distrust and a deep sense of insecurity.” That's the case in any number of situations, but it's especially applicable to the administration…
I live in a very small building and our condo board has turned over our building to a manager who is running the condo as if unit owners work for her not vice versa. The board likes not having to do anything. What recourse do unhappy owners…
Q With the proliferation of media such as Skype, OoVoo and FaceTime for online audio and video conferencing, I was thinking that community association and board of directors’ meetings probably could be conducted remotely. Can associatio…
Q I am a condo owner in good standing and a former board member. Several months ago my hardwood floors were damaged by a leaking radiator. In our bylaws, it explicitly states that the radiators are the property of the building; and that…
Q We have a few units going into short sale and one of the unit owners mentioned she was interested in buying two of them. However, I was also told by one of the unit owners that a real estate agent was telling some of the owners that …
Q I am on the board in a condo community. We currently have a renter that was sneaked in by the owner. What is the proper way of addressing this? What is the proper way to remove the renter and can there be fines made to the owner? …
Just think about this—you go to a doctor’s office for the first time and, hanging on the wall is an empty frame where his medical degree should be. You question him about it and he tells you, sure, he graduated from med school. He's tot…
The recession and accompanying housing crisis have impacted different parts of the nation in varying ways, with places like New York City looking downright hearty compared to foundering markets like Florida and California. The Chicago …
The economy cratered—to use a term in popular parlance at that time—in September 2008, with the collapse of too-big-to-fail Lehman Brothers. While the measures undertaken by the federal government and the Federal Reserve averted complet…