Condo Boards Have a New Tool for Collecting Arrears
Court ruling gives condo boards a new way to evict delinquent unit-owners. When it comes to evicting residents, co-op boards have traditionally enjoyed a bigger arsenal than their condo counterparts. But condo boards are not without their weapons. And that arsenal just got larger, thanks to a major court ruling in The Heywood Condominium vs. Steven Wozencraft. The case began in April 2007, nearly a year after Steven Wozencraft bought an apartment in the Heywood, a 10-story luxury condominium in Chelsea. According to Jonathan Landsman, his lawyer, Wozencraft “had an extreme financial problem” and stopped paying his common charges. Sixty days passed, after which time the Heywood’s house rule taking away non-essential services kicked in. Read the article………….
When preparing budgets, boards should base hard decisions on hard figures. It’s budget season. The time of year when boards
Are you abiding by the rules in your homeowners association? When you move into a homeowners association you become part