Q Recently our board gave us a financial statement that, in my opinion, simply didn't add up. A friend of mine went to the town and school district to get the proper numbers and we found out that we were “not” given the correct infor…
Category: Q&A
Q I live in Newark and I just bought a two-family home in a condo. However, when the developer built these, he was the actual association and then along the years with all the mortgage defaults, things got a little off and the condo has…
Q I am buying a condo, the developer wants me to waive the implied warranty of habitability? Is this normal? His reason is that they have rehabbed the building and didn't build it from scratch. Should I be concerned? —Prospec…
Q I live in a three-floor, four-room,30-unit condo, mostly 50-plus, with the only family with children (ages two and three) living on the third floor above me. For the past year there has been an excessive amount of constant running; …
Q We have a condo board which allegedly ignores, breaks, and applies bylaws inconsistently. They also make up bylaws, have not monitored our insurance policies for at least two years and have not taken action on a couple of safety i…
Q What are the rules concerning how many proxies any one person can submit? Also, does a person submitting proxies have to be a unit owner? Or even live in the complex? We have a situation where a renter, not owner, of a co-op collects…
Q The board was advised by one of the owners that we must mail all the minutes of each directors' meeting to all the owners. Is this correct? —Law-Abiding Citizen A “The bylaws of the condominium associat…
Q We have a security system at our clubhouse consisting of cameras and recording equipment. Recently we had some expensive television equipment stolen. Management informed us that the security system was not running/recording. The eq…
Q Our co-op has a question about our various insurance policies. Our insurance agent has recommended to the board that we keep our D&O coverage separate from our general liability coverage. I understand that some commercial general l…
Q Can a condo board legally prohibit any political activity by its residents? Most condo documents say that “the association shall not engage in any political activity.” The board usually interprets it to mean that there shall be no p…