condo association
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condo association
My condo association is planning on repairs to common areas; the total cost is $6000 plus for each unit. They claim if voted on, each unit has to pay the cost up front or through a loan set up by the association, which will be $150 a month for 5 years tacked on to the $120 for condo fees. The company that has done the projects foreclosed so we are now responsible for all repairs for the old buildings and the new contractors for new buildings. Can they force to pay this if it voted on? If we can’t afford it, can they foreclose on the property? How much are they legally allowed to raise the condo fees in any given time? My personal situation is this: I am disabled, lost my job in March 09, and I am in serious debt already. This will be impossible for me to pay. I only get disability pay and child support and that’s not enough to pay my mortgage. I need to know if I have any options ASAP because the vote is today June 29th. Thank you for any info you can provide.
Asked on June 29, 2009 under Real Estate Law, Wisconsin
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
You're asking for a snap answer to a very complicated question. For reliable advice, an attorney would want to review at least the relevant parts of your condo association's documents, and the history of the debts and the work that was done in return for them. That's not a one-day job, more than likely, for someone starting from scratch.
If you can pull together a group of unit owners who aren't happy with the result of the vote, you might be able to challenge it, with the help of an experienced attorney. One place to find a lawyer is our website, http://attorneypages.com
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