$2.2 million in uncollected assessments from condo unit owners

….In a related WTOP report last fall, the attorney for Lynhill Condo Association said that problems stem from $2.2 million in uncollected assessments from condo unit owners. That figure just boggles the mind!

The situation at Lynnhill is difficult, if not impossible, to resolve at this point.

Unlike publicly managed affordable housing, privatized condominium associations add a complex layer of bureaucracy – dozens or even hundreds of owners of individual condo units must work cooperatively to make the concept work. If some owner-landlords do not pay their fair share of assessments or properly maintain their units, remaining condo owners must pick up the slack. When that doesn’t happen, tenants are often left to survive in unsafe or unsanitary living conditions….

read more at https://independentamericancommunities.com/2017/08/20/lynnhill-condos-barely-functioning-facing-fire-code-violations-md/ 

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