Complex’s ownership rate too low for refinancing
Q: I am an owner of a small one-bedroom condominium that I purchased three years ago in a condo conversion. The original developer is still selling or renting units. Unfortunately,...
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Complex’s ownership rate too low for refinancing
Q: I am an owner of a small one-bedroom condominium that I purchased three years ago in a condo conversion. The original developer is still selling or renting units. Unfortunately,...
Homeowners want to quit investor’s association
Q: I live in a town house complex created in 2005. The project was originally designed for 52 units, but only 26 were completed, with three shells and unsold lots...
Homeowners want to quit investor’s association
Q: I live in a town house complex created in 2005. The project was originally designed for 52 units, but only 26 were completed, with three shells and unsold lots...
Association should revisit leasing policy
Q: We reside in a 30-unit condominium complex that passed an amendment seven years ago to not allow renters. Over the years, several owners have renters and there is much...
Association should revisit leasing policy
Q: We reside in a 30-unit condominium complex that passed an amendment seven years ago to not allow renters. Over the years, several owners have renters and there is much...
New owners feel put on the spot about parking space
Q: We purchased a condominium in Chicago and paid substantial funds to buy two parking spaces. We have deeds and tax numbers for both spaces. One space is handicap-size. Another...
New owners feel put on the spot about parking space
Q: We purchased a condominium in Chicago and paid substantial funds to buy two parking spaces. We have deeds and tax numbers for both spaces. One space is handicap-size. Another...
Ousted management company fails to cooperate with board
Q: Our condominium association has been managed by a management company. At the last board of directors meeting several weeks ago, a quorum of directors voted to terminate the management...
The ins and outs of restarting an association
Q: I recently purchased a condo. The association had no officers other than the president until I was selected to become the vice president. We want to restart our association...