October 27, 2009

Amending Condo By-Laws

In order to refinance the mortgage on our condo, Fannie Mae is requiring us to add 2 items to our condo's by-laws. Our board voted and approved the amendments, but I'm not sure what we need to do to make it official. Anybody know what the next step is?

October 23, 2009

Condominium Boards Abuse

We are a brand new building, We took the condo board from the sponsor in Feb. 2009 before the May election set in the by-laws. The condo board now want to extend their period from Feb 2009 to May 2010. They are self-serving, taking spaces from the building to storage their own bikes, not disclosing anything with homeowners from building finances, etc. We hired a lawyer back in 2008 when some homeowners got together to sue the sponsor for not finishing the building, Now the are assessed the whole building $34000 for legal fees (the lawyer just requested $2000 to start and at the most $8000 to complete the process) Not even explaining clearly why so much money. One person from the board mention that they are asking so much to at least get half since half of the units from the building, still belonged to the sponsor or his partners. Is this even legal, who can help us, it seems condo-boards have immunity to abuse homeowners. Please advise and help. I'm just about to walk away from my home.

October 1, 2009

Non-Payment of Rent

Greetings Brownstoners,

I am in the uncomfortable situation of having to deal with tenants who refuse to pay rent. There is nothing wrong with the apt. and their reasons are personal (rather not get into it here). So am considering non-payment proceedings.

But I have heard that courts favor the tenant. It seems like a clear case to me, but I'd like to hear what others have experienced.

Also, if anyone has an excellent attorney to recommend I'd greatly welcome the referral.