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……….
Whether change is good or bad often depends on who you talk to; even a welcome change produces a certain
One common provision in homeowners association’s and condominium association’s governing documents is a prohibition against the keeping of “commercial vehicles”
Work in any business long enough, and chances are nothing will surprise you anymore. This is especially true of co-op