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I am the president of an HOA in Florida consisting of 61
I am the president of an HOA in Florida consisting of 61 homes with an annual budget of about $26,000. We currently have reserves of about $120,000. Is there a possibility that we have to worry about … read more
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How is it determined that a 2nd floor A/C drain line is in
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What are the laws in Massachusetts for setting aside monies
What are the laws in Massachusetts for setting aside monies for assesments, and condo fee's into an escrow account?… read more
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I was recently assigned to a condo association (32 units)
I was recently assigned to a condo association (32 units) and the past Board borrowed from the reserves to pay the insurance premium(s). My questions; 1) Does paying insurance premiums make it legal t… read more
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What is the legal authority that the Treasurer of a Florida
What is the legal authority that the Treasurer of a Florida Cond Ass'n has respecting refusal to pay invoices that he deems have not been properly approved by the Board. Scenario: A Florida Condo Boar… read more
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I live in a Condo whereby we are facing an assessment of $6M
I live in a Condo whereby we are facing an assessment of $6M to replace windows/doors/railings...17 floors/107 units....Each Condo owner will be assessed approx $60K to begin the project. A Condo owne… read more
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In New Jersey can an inter fund balance owed by the operating
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Can a board increase the monthly maintenance fee by different
Can a board increase the monthly maintenance fee by different percentage for those owners living in the property versus investors? In other words, is it ok to increase the monthly assessment for inves… read more
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In Texas, if a current condominium owner and former condominium
In Texas, if a current condominium owner and former condominium association officer and treasurer re-assumes control of the treasury (with their name still on file at the condo's bank) because the for… read more
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i am the president of a condo board ....in 2006 members of
i am the president of a condo board ....in 2006 members of our association did a reserve study that was approved by our owners part of that study mandated the operations manager be the only one to mai… read more
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Hellow, Does the Board of a Wisconsin condominium have an
Hellow, Does the Board of a Wisconsin condominium have an obligation under Wis. condo law or corporate law to use an independent auditor to review its books and records on a periodic basis? Please pro… read more
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When our HOA management company took over from another management
When our HOA management company took over from another management company last year, they changed banks. No board member, including the treasurer, has signature power on the operating account, only th… read more
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This is a question for a Florida Condo Attorney. In our
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In a FL HOA, the reserve account was not funded on time or
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Is it permissable to commingle reserve funds, for investment
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How much notice must the condo board provide to unit owners
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Under New York State Condominium Law is are all board member
Under New York State Condominium Law is are all board member required to vote for or against any matter brought before it (which requires a vote)? What is the relevant section of the law… read more
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I have just been advised that the reserve fund in the Condominium
I have just been advised that the reserve fund in the Condominium in Manhattan have used all of the reserve fund during 2008 to cover operating expenses.… read more
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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