Two weeks prior to our annual condo election, the unit owners receive their
proxies in the mail. However, a board member who was up for re-election
obtained a proxy from the manager two weeks earlier than all the…
Of all the members of a condominium’s board, the treasurer is in a unique position to uphold the fiduciary
responsibility of the association, similar to that of a chief financial officer
in the corporate world.
Basically, the t…
In most states, community associations have no special status when a unit owner
stops paying maintenance fees. But one by one, states have been adopting a
priority lien, or “super lien” provision into law, to give condominium association…
All roads lead to Sturbridge, Massachusetts—or so it seems.
A thriving community with colonial roots, Sturbridge stands at the crossroads of
New England. U.S. Route 20 runs through the center of town, and the junction of
Most of the time, a condo association or co-op building and its management
company enjoy a mutually beneficial partnership—the management company and the individual agents try their best to serve their
clients, and their client communiti…
It often arises suddenly. And when the telltale signs do appear, the problem has
likely been years in the making. “It can come up any number of different ways,” says Charlie Perkins, senior partner of the Westford, Massachusetts-based la…
The day-to-day costs of running a multifamily residential building are
significant. There’s the fuel oil, electric, cleaning supplies, equipment maintenance and service
calls for repair and upkeep. Then there are the insurance costs, la…
Massive flooding. Widespread insect infestations. Devastating tornadoes.
It’s a good thing those things don’t happen in New England.
Condominium trustees and homeowners who thought New England was immune to such
lthough they are supposed to have a so-called reserve account to cover
anticipated capital expenses—roof replacements, exterior
maintenance, elevator upkeep, and the like—many condominiums,
especially in the last few years of economic …
It’s not your Daddy’s condominium any more.
Since the 1960s and ‘70s, when condominium home ownership became not only available but a viable
alternative to single-family housing in New England, the market has evolved