A condo
corporation may be in serious financial trouble but even so a
board may refuse to raise the condo fees because they believe they’ll
risk getting voted out of office. They may have been elected by
promising the owners that they would freeze the fees at the current
level and the board may not be willing to be harassed or intimidated by
disgruntled owners. As a result amenities may have been closed for years, serious water leaks are ignored, worn out carpets need replacing and the balconies or the parking garage are no longer safe. Perhaps the driveway and the visitors' parking areas need re-paving, the HVAC system is on its last legs and/or the hot water pipes have pin holes. No one is thrilled about any of this but too few are willing to increase the fees so these defects can be repaired. |