Brattleboro condo association faces unexpected assessment (VT)

“Board after board, year after year” failed to maintain a reserve, according to Eckley. The association’s bylaws state the fund should cover “the total of all deductible amounts under all insurance policies maintained by the association” and there should be an appropriate amount of money to replace elements owned by the entire condo complex “with a limited useful life, determined with reference to the estimated useful life and replacement cost of each item” as determined by the board.   Read the article…………..


Related Articles

Real estate agents pushing to get involved in strata (Australia)

Real estate agents are now pushing to get involved in strata management for apartment buildings in a move being branded

New management for 20 homeowners’ associations draws opposition (CO)

Some neighborhood homeowners’ associations are upset with the recent decision by the Highlands Ranch Community Association to sell the division

Tenant sues association over high fees (FL)

A tenant is suing a Miami condo association over its excessive application and move-in fees, saying they violate state law.