Looking at the balance in an association’s reserve account, a homeowner could easily feel complacent. After all, a
quarter-million dollars is a lot of money.
Maybe—or maybe not. If the condominium comprises 200 units, is nearin…
During the tough economic environment of the past few years, many condo owners
have faced job losses, pay decreases or just financial uncertainty.
Unfortunately, this sometimes leads to owners not paying their common charges.
Budgets and financial reports provide a crystal-clear picture of how the
association is doing. From an investment perspective, they show how unit
owners, managers, tenants, building owners, board of trustees, etc., whether
It can be easy for seasoned, veteran board members to recall both the excitement
and challenge of being elected to the post. For many, the first weeks and
months are a daunting experience requiring a learning curve that is not always
While a pool and a clubhouse used to be the hallmark of luxury condo living, the
whole concept of upscale condo amenities has exploded in recent years with the
construction of condo units tied to high-end hotels. This has added perks
As summer thunderstorms buffet condo properties throughout New England,
less-than weather-tight windows, doors, and roofs may begin to make themselves
known. And though condo boards never enjoy addressing the perennial problem of
When you think of New Bedford, Massachusetts, several things come immediately to
mind—commercial fisheries, factory outlet stores, textile mills, and of course,
Located in Bristol County, 51 miles south of Boston, and…
Our condo community is considering converting a large community room into a gym
and kids play space, separated from each other by a child fence. Are there any
Massachusetts codes surrounding establishing gyms in residential buildings …
Last year the parents of several teens purchased a portable basketball standard
and asked the board permission to put it in a location where their children can
use it and the board agreed. Given the layout of our property the only pla…
Our property manager wants to buy a unit in our condo community but a lot of
owners are not happy about it. Is that a conflict of interest? Do we have any
legal power in this manner? Please advise.
—Becoming a Buyer