Fwd: Unfair treatment by Condo Mgmt

[Canal Terrace]

I have a call into Suzanne but maybe some board members know the answer. 

1) why do we charge the interest rate we do. 

2) I think he should pay some fine or interest rate because unit owners cannot just stop paying their fees. Deprive the building of money it needs and there be no consequences. But I think we could offer to reduce the level to something like 3 or 5 % and see if hr will pay up. 

2) he is right about the convectors and we can easily offer him the same financing plan as we offered others. 

 Thoughts please.

Paula HJ Cholmondeley

The Sorrel Group

PO Box 490 

Brookline, MA. 02446

617 6693091

617 608 4552 fax

Begin forwarded message:

From: Peggy Meites <pjme...@verizon.net>
Date: December 19, 2012, 7:25:07 AM EST
To: Paula Cholmondeley <phjchom...@gmail.com>
Subject: Fwd: Unfair treatment by Condo Mgmt

Paula ... I asked Victor to just send me an email about the situation from his perspective  ... See below 

Sent from my iPad

Begin forwarded message:

From: "Victor Oyenuga" <advance...@yahoo.com>
Date: December 18, 2012, 9:54:35 PM EST
To: pjme...@verizon.net
Cc: advance...@yahoo.com
Subject: Unfair treatment by Condo Mgmt
Reply-To: advance...@yahoo.com

Dear Peggy,
Pursuant to our conversation of yesterday morning I'm sending this email as an expression of my frustration with the management company in charge of Canal Terrace..

I am being threatened with foreclosure action against my apartment because of outstanding condominium fees as well as cost of convectors installed .

First, I decided to stop paying condo fees sometime this year after numerous efforts seeking the reduction of outrageous late fees went no where.

I frankly find it difficult to understand why any one should be charged 20percent in late fees monthly in this day and age that the federal administration and others are clamouring against excessive charges by commisioning agencies to prevent such actions.

I was stonewalled so was my wife who talked to Ms Winter in the laundry room when they accidentally ran into each other.

This is reminiscent of another incident many years ago when upon notifying the management co of mould and algae in our apartment was done left unattended for an extended period until I threatened to refer the matter to my attorneys.

I quite understand late fees should be charged if condo fees are late but not in excessive amounts that contravene usury laws.

Included in the amount I'm being asked to pay by a December deadline is the requirement to pay at once the total amount for convectors installed; which according to a letter circulated preciding the installation stated that the convectors would be financed in installments over a period of time.

I suspect that many of the other condominium owners are yet to pay for their convectors and are probably going to do this in installments.

I would therefore appreciate whatever you can do to have a review of the excessive fees and cost of  conventor requirements being demanded of me.

I am willing to pay outstanding fees within reason and will advise that I'm allowed scheduled payment arrangements for the convectors as applies to other condominium owners.

My hope is that this matter can be settled amicably very soon.

Regards,
Victor Oyenuga. Apt #T4

Sent from my Verizon Wireless BlackBerry

[Joel Klenck]

I don't know the answer but I agree we should try to work it out with the unit owner while being cautious about setting a precedent. Also agree about convectors.  He's right that (at least for the 373/mo  avg 1 Br fee) the late fee is 20%/mo or $74.60. I wonder if that is standard practice as a preventative measure?  As in part interest part fine?  Perhaps not so high as to be usurious nor so low as to represent a worthwhile "loan" would be fair. Also worthwhile to recoup the fees + x% now without further conflict or legal expense?  Wells Fargo Mortgage charges about 4.125% as monthly late fee. Perhaps a call to one or more of the new mgmt cos to ask what % late fee is average would not be out of line? 

I have questions about other issues as well but hesitate bringing them up as I realize there is a lot going on now so please don't feel a need to respond if not the right time. But at some point:

1) Was the board aware of G8 plumber's Ins Co negotiation or offer to Suzanne? What was it? I understand G8 owner's frustration with the mishandling of that in acting before involving or getting input from Ins Companies and the lack of communication. His responses in this and past seem not unreasonable to me and regardless of what one atty might say, I think another atty could make a good case for his response and that we may be on shaky ground trying to leapfrog over plumber's ins co and deciding owner is responsible for an amount "we" alone decided to pay. Was that specifically addressed by our atty?

2) Re new mgmt co ?'s. Is that on the table now?  How specific do you think we should be in interviews? e.g. "Is $1598/mo to PMS for hvac  routine maintenance reasonable?" Not saying it isn't but don't know. Seems high but I've only lived here since April and been exposed to all this since last annual mtg. I noticed Jeffrey, Charles and Chatel provide recommend. for efficiency and cost savings so probably any of the new mgmt cos can help us.

3) Jeffrey, Charles looks really good on paper given the fee. Is this proposal just a sample from Oct/2011 or have they been contacted? Seems it would be helpful if they could provide names and phone #s for reference contacts as did Chatel.

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