Re: Logistics of 2 Family Home in the Heights
Posted by karindiann on 2018/4/11 19:11:56
I'm part of a 4-unit condo association, and we have a bank account and pay our own bills -- no outside management company needed. Somebody has to volunteer to write the checks and do the bookkeeping (basically a thankless job).
In our association, all of the units have a slightly different square footage and pay a different percentage of common expenses. I think this would probably be true of a 2-unit building as well -- and give one owner more weight in the case of disagreement.
I remember the developer of our building had set up the association before the units were sold, which I assume is a requirement if you are selling condo units.
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