Condominium association

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11:33 am June 2nd, 2008

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			Condominium association - King Rat Private Life

gkr


	Condominium association
	Well, my condo association annual meeting is Tuesday and I won't make it. I asked a fellow owner to vote for me. Let the building manager know I was doing this. Got a call from him just now, trying to get me to give my proxy to someone else. I am amused. It's like high school.

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	Comments

	From: dangergirljones	Date: June 2nd, 2008 06:59 pm (UTC)		(Link)

what are they voting on?

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	From: gkr	Date: June 2nd, 2008 07:10 pm (UTC)		(Link)

Board elections, and possibly a proposal to prevent non-owner-occupied condo sales. In other words, you won't be able to sell to people who aren't going to live in the unit, unless the overall percentage of renters is below a threshold.

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	From: dangergirljones	Date: June 2nd, 2008 07:21 pm (UTC)		(Link)

If you already have a cap for % renters, then I'd vote no (not that you are asking) Why would you risk not being able to sell, when you can let the buyer worry about whether they can rent it out?

I'm ramping up for condo politics come July

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	From: gkr	Date: June 2nd, 2008 07:25 pm (UTC)		(Link)

We don't have a cap for renters. This is how they are looking at putting one in place.

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	From: dangergirljones	Date: June 2nd, 2008 07:31 pm (UTC)		(Link)

I can't imagine any good coming from a regulation that can stop a sale based on a future owners plans.

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	From: gkr	Date: June 2nd, 2008 07:38 pm (UTC)		(Link)

Well, it wouldn't stop the sale. They just wouldn't be able to rent it. Basically, the proposal is to grandfather in existing owners.

However, it would suck to own a place and not be able to rent it because 8 other units are already rented.

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	From: gkr	Date: June 2nd, 2008 07:10 pm (UTC)		(Link)

Oh, and I'll give you a call back tonight about your message from Friday. I ignored all my messages over the weekend.

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	From: foote3	Date: June 3rd, 2008 02:23 pm (UTC)		(Link)

We recently converted from coop to condo and made limited renting of units easier. BIG mistake. The renters don't have the same regard for the building or their neighbors as the owners.

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