JoyceR2 (Virginia)
Posts: 156
Posts: 156
Posted:
264 unit condos
Is it ever legal & I emphasize "legal" to grant any owner a lifetime reduction in their monthly assessment different from any other owner? I realize at times a "board" might elect to make some agreement to secure unpaid assessments if "prudent" but would at the same time cause the delinquent party to then pay as required from that point forward. It goes without saying that this action would need to be by motion & approved by a majority of the board.
Is it ever legal & I emphasize "legal" to grant any owner a lifetime reduction in their monthly assessment different from any other owner? I realize at times a "board" might elect to make some agreement to secure unpaid assessments if "prudent" but would at the same time cause the delinquent party to then pay as required from that point forward. It goes without saying that this action would need to be by motion & approved by a majority of the board.