Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

132
Posts
36
Votes
Chris G.
36
Votes |
132
Posts

Does Condo Association Owe Tenants Anything?

Chris G.
Posted

Posted something similar awhile back but here we are again. Have condo which is inside a building with 10 other units, power went out for their unit only so we sent out electrician, he found that the meter socket was overheating. This makes it a condo association issue so I contacted them and they agreed so they sent out their own electrician. Due to the buildings being old I saw told it's hard to find parts for these. Keep in mind at this point it's been 5 days tenants have been without power. Electrician orders part for ebay.... and association tells me it could "possibly" fix the issue but won't be delivered and installed for another 5-7 days, if that used part does not fix the issue they'll have to replace the whole thing for the building which would take several weeks to order and have installed.

At this point everyone is upset, us, management, tenants. I told tenants in times like these renters insurance would have covered housing and loss of food. If we had any vacant units I'd allow them to stay there but we don't. I've offered for them to break their lease if they want. Would the condo association be held responsible for providing a credit or temporary housing for these tenants? I have a feeling they would use the renters insurance argument to cover themselves. Are there any other things I could do, I feel like there's no real other options unfortunately. 

Most Popular Reply

User Stats

17,643
Posts
30,520
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,520
Votes |
17,643
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Well if power is out for all 10 units....Id say each owner is owed $10,000. In order to pay that out though they need to issue a $12,000 special assessment to each owner. So youll get to write a $12k check for the assessment, but youll get back $10k for the inconvenience of the power being out.

business profile image
District Invest Group
5.0 stars
44 Reviews

Loading replies...