Topics

Missing Persons
Condo board squanders funds on pizza, other expenses

Question: Our homeowners association has a runaway board with no concept of reality. There are 36 condominium units with several assessments covering "renovations" where repairs were carefully itemized. Our first assessment was $23,000, and the second $15,000, totaling $38,000 per unit. The board now advises there will be an additional assessment of around $39,000 per unit covering termite control, swimming pool repair and security camera installations. This renovation could take years to complete. The association has already run out of money three times, necessitating even more special assessments. Now, a homeowner has appointed herself the "liaison" to the contractor at...

Loading