If there is a board, but no minutes, they aren't doing their job. Most likely per the bylaws, they can all be forced to resign. The bylaws and the CC&R's need to become your friends. Do they have a professional management company or are they self managed?
An assessment takes a vote of the membership- but even if it's small ($500-$1000/unit) that might be enough to pad the coffers and get a project or two done to make the place a smidge nicer- and with only 14 units in the building, having the HOA fully funded will take a lot less $$ than other places. Plus you'll have the special assessment rider on your condo insurance- so all you'll pay is your deductible and your insurance carrier will pick up the rest.
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branchandroot
no subject
Date: 2009-07-28 03:14 am (UTC)An assessment takes a vote of the membership- but even if it's small ($500-$1000/unit) that might be enough to pad the coffers and get a project or two done to make the place a smidge nicer- and with only 14 units in the building, having the HOA fully funded will take a lot less $$ than other places. Plus you'll have the special assessment rider on your condo insurance- so all you'll pay is your deductible and your insurance carrier will pick up the rest.