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How do you deal with condo association members who only want to pay for repairs that benefit their use?
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.
What else can I help you with?
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?
Work with the board to determine whose responsibility is to repair and whose responsibility it is to pay for the repairs. The board will work with the broker who handles the master insurance policy.
Is the owner of condo responsible for fixing driveway?
Read your governing documents to determine who owns the driveway. The owner of the driveway, which may not be the owner of the condominium unit, is responsible for 'fixing the driveway'. Best practices dictate that at least you file a maintenance request for the repairs you believe are required.
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.
Who is responsiable for repairs if you sub lease out your condo?
You are.
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?
There is no standard for common interest ownership communities: your master insurance policy determines coverage criteria. The insurance industry's standard for your geography may also apply, according to where the mold occurs in the building. Your board and association manager are best equipped to answer your question.
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.
