Tag Archives: dues

Condo/Homeowner Rights and Responsibilities

  Assessment-paying members of a common-interest community, owners are entitled to certain rights and—in return—owners have certain responsibilities. Condo/Homeowners have the right to: Participate in governing the community association by attending meetings, serving on committees and standing for election. Access … Continue reading

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Condominium and Homeowner’s Monthly Dues – What Does it Take to Maintain a Community?

A friend of mine who lives in the same building as I recently commented to me that he is happy to pay whatever is necessary to live in our building as long as it was maintained to the same high … Continue reading

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The Reserve Fund

What is a reserve fund?  A reserve fund is money set aside to maintain a community’s major common areas, equipment and facilities.  The fund is used to repair or replace assets as needed over the life of a community.  In … Continue reading

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What? The Association Is Foreclosing On My Condo?

Countless Americans face foreclosure when their lending institutions are unable to collect mortgage payments. In an ideal world, no one would ever face foreclosure—for any reason. But that world does not exist. Banks and other lenders foreclose on homes when … Continue reading

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Excuses, Excuses!

Association members who pay their assessments late or not at all come up with some very interesting excuses. Here’s five of the most common, and why it’s smart not to use them. Excuse #1:  “I didn’t get what I paid … Continue reading

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How a Building “Feels”

Have you ever walked into the lobby of a hotel and received a “feeling” of positive building energy?  A place where the entire staff always greets you as you walk by.  Interaction between guest and staff seems genuine, sincere and … Continue reading

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Assessments, Assessments, Assessments!

As a community manager and condominium owner/volunteer, I many times hear reoccurring questions and comments.  Why is the Board raising our dues again this year? What can we do?  Do we have to pay? Our dues are much higher than … Continue reading

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