Condo associations have a responsibility to manage the association funds responsibly and use those funds in the best interest of the property. When facing claims of reserve fund mismanagement, a proactive and comprehensive response is important. There are several...
In New Hampshire, condo association members bear the responsibility of managing the finances of the community. Owners entrust them with the task of using the condo fees collected from owners responsibly. But what happens when a condo owner accuses these members of...
It is essential for property owners who wish to convert a rental into a condominium unit to carefully go over the ins and outs of relevant laws. The condominium conversion process can prove challenging for a host of reasons, and owners must have a comprehensive...
You don’t get any perks - no benefits - no vacation pay or health insurance - not even a reserved parking space near the clubhouse. That means you must be doing it because you want to make a difference. Maybe, you’re concerned with how the current Board or property...
In 2008, a condominium in Milford, like many in New Hampshire, was feeling the effects of the dramatic turn in the economy. Receivables were on the rise and unit owners who had always paid monthly assessments on time were suddenly having trouble. Consistent with its...
Recently, a unit owner in a condominium association that our firm represents wanted to attend a board meeting scheduled with us to discuss our defense of a pending lawsuit. We explained to the association board our view that the unit owner should not be present for...
Over our many years of practice, we have assisted numerous condominium associations in matters relating to the enforcement of covenants and collection of assessments. The New Hampshire Condominium Act allows association to file liens on units as security for unpaid...
Last year was a challenge for associations throughout New Hampshire. Receivables rose. Foreclosures increased. Banks bought units. Deferred maintenance issues came home to roost. Other areas have been hit hard. In Boston, condominium owners faced a $75.6 million...