Real Estate Matters: Wiggle room doesn’t let condo developer off hook

Q: We bought into a condo development five years ago. The condo documents said the declarant didn’t need to follow the condo rules or pay dues on his units until the last unit was sold.  We didn’t worry because the declarant control had expired, and we agreed to give the developer a break on upkeep costs to help sell the condos. We figured it would shake out once all the units sold. However, the developer decided to turn the last 35 percent of units into rentals, and because he no longer plans to sell them, he refuses to pay into the reserve fund or full condo dues.   Read the Q&A……………..


Related Articles

Some displaced by massive Bridgeport (CT) condo fire receive surprise assistance

All 120 residents of what was a 36-unit condominium complex on Bridgeport’s Charles Street were displaced by a New Year’

Mount Pleasant (SC) neighborhood finds no easy answers for its algae problem

And the story of Lake Shemwood, a privately owned lake between Shem Drive and Shem Creek, is just a footnote

FishHawk neighbors, HOA battle over drone use (FL)

Drones are becoming more popular as a hobby, but many say regulations aren’t keeping up with the technology.  Right now,