Courts Say Condo Boards Can’t Levy “Confiscatory” Penalties
The bylaws of many condominiums authorize the board of managers to impose fines for violations of the rules and regulations, and also authorize the collection of late fees for failure to pay the common charges on time. However, recent court cases have set limits on the amount of these fines and late fees, even refusing to enforce such a penalty if it is “confiscatory in nature.” Read the article……….
If you own a condominium or a property within a homeowners association, the association’s behavior could derail your home sale.
…..imagine sorting out the obligations, reimbursements and guidelines of municipalities versus homeowners associations when it comes to things like road
The Board of a Condominium Association or Homeowners Association has many decisions to make when it discovers telltale signs of