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How do you deal with condo association members who only want to pay for repairs that benefit their use?
Wiki User
∙ 13y ago
Your governing documents are definitive about who pays for what.
Generally, if a repair benefits some but not all of the association's members, then some, but not all of the association's members pay for the repair. This may or may not be true in your specific case.
All members own all the real estate assets involved in the community, and are required to pay -- either by assessment contribution to reserves, or by special assessment -- for repairs, except as specified in your governing documents.
Members who refuse to pay if they are required to pay, can be fined by the board, or the board can file liens on their units for the owed amounts.
Wiki User
∙ 13y ago
When dealing with condo association members who only want to pay for repairs that benefit their use, it is important to remind them of the collective responsibility of the community. Educate them about the concept of shared expenses and the benefits of maintaining the overall value and functionality of the property. Encourage open communication and compromise to find solutions that address everyone's needs.
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If water damage to condo ceiling is caused by association pipe failure but you do not have homeowners policy will association be liable to pay for repairs?
Whether the association is liable to pay for the repairs depends on the terms of your condo association's governing documents and local laws. Generally, the association may be responsible for damages caused by pipe failure, but it is best to consult with a legal professional or review your association's governing documents to determine the specifics of your situation.
Is the owner of condo responsible for fixing driveway?
It depends on the specific terms outlined in the condo association's bylaws or the individual condo's governing documents. In some cases, the responsibility for maintaining and repairing driveways may fall on the condo association, while in others it may be the responsibility of the individual condo owner. It is best to review the governing documents or consult with the condo association to determine who is responsible for the driveway repairs.
Who is responsiable for repairs if you sub lease out your condo?
You are.
What is a condo association?
A condominium association is a legal entity, often a state-registered corporation, made up of members who own condominium units. Read your governing documents to identify the particulars of your association, and how the state's corporate guidelines affect the business conducted by the association on behalf of its members.
Is the deductible on a condo-owners association insurance policy considered a loss assessment?
It often is considered that and often a person's policy on their personal condo will extend to pay up to $500 of the Association's deductible. Could be less than $500 depending on how much the Association's deductible is and how many COA members there are.
Does condo association pay for repairing mold damage?
It depends on the specific circumstances and the terms outlined in the condo association's bylaws or governing documents. In some cases, the condo association may be responsible for repairing mold damage if it is a result of common areas or shared systems. However, if the mold damage is due to the negligence of a unit owner or resident, they may be held responsible for the repairs. It is best to consult the condo association's governing documents and speak with the association board for specific information.
If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?
Your attorney can help you answer this question, since it requires a legal answer.
Can you know the status of a condo association?
Yes.You can request the status of the association from the Secretary of State where the association is located.
Is a condo association a business?
Absolutely, yes. The association may be incorporated as a profit, not for profit, or an unincorporated association.
Where does it say that the association is responsible for outside structural repairs of condo buildings?
That question is covered under the area in which the "Common Property" belonging to the Association is described. The outside of the buildings would be considered the same as the parking lots and sidewalks and lawns, and swimming pool(s), etc.
What companies in Chicago offer condo association insurance policies?
State Farm, Progressive and Geico are some well known companies that offer condo association insurance policies. There are local and lesser known companies such as Melendez Insurance that offer condo association insurance policies also.
Can you rent out a bedroom in your 2 bedroom condo in Florida?
Only if the Condo Association allows it. It could otherwise fine you.
