Q. The city is requiring that we make repairs to our exterior stairwell. The cost to replace the stairwell completely is not much more than simply making the repairs. Our Declaration says that any expense over $5,000 for "structural alterations, additions to or improvements of the common elements (other than for the purposes of replacing or restoring portions of the common elements" requires 2/3 approval of the owners.
Q. This past winter was particularly damaging to the parapet walls on the roof of our building. We are looking at a large expense to rebuild at least one of the walls. Is any of this damage covered by our Association insurance policy?
Q. My condo Board has approved a $25.00 late fee for payments received after the 5th of the month. Apparently, this policy was decided via email. Does the Board need to vote on a late fee at a Board meeting?{mprestriction ids="1,2,3"}