Agent

‘Zero tolerance’ policy for late condo fees

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BENNY: I am president of a condo association board in a 10-unit building. One of the unit owners has not paid assessments for nine months. He was renting out his unit, which is now unoccupied. His telephone has been disconnected and attempts to reach him by mail are returned indicating there is no forwarding address. The unit has been listed on the (multiple listing service) for months. Also, he has a primary and secondary loan on the unit. We are considering the unit abandoned at this point. Do you have any recommendations on how the association can put a lien on the unit to collect past-due assessments, as well as our right to enter the unit for emergency maintenance? --Mike DEAR MIKE: Whenever I meet a person who is the president of a condominium association, I always greet him or her by saying, "My condolences." Serving on the board of directors of any community association is a thankless job, with long hours and no pay. But, you are serving to protect ...