Condominium Insider

MEEB’s Condo Law Newsletter

Governance and Board Operations, Collections and Lien Enforcement, Construction Defect Litigation, General Litigation, Insurance and Risk, Fair Housing and Accomodations, Maintenance and Repairs, Rules and Enforcement, Lending and Finance, Landlord Tenant, Legislation and Regulatory Updates, MEEB Case Results, Resolutions and Amendments Mark S. Einhorn, Esq. Governance and Board Operations, Collections and Lien Enforcement, Construction Defect Litigation, General Litigation, Insurance and Risk, Fair Housing and Accomodations, Maintenance and Repairs, Rules and Enforcement, Lending and Finance, Landlord Tenant, Legislation and Regulatory Updates, MEEB Case Results, Resolutions and Amendments Mark S. Einhorn, Esq.

HOW TO DEAL WITH A ‘BAD’ CONDOMINIUM TENANT - CONTACT THE OWNER

If a condominium owner regularly plays loud music, rolls golf balls across an uncarpeted floor, otherwise disturbs other residents or violates association rules, the board’s response is clear: Notify the owner that he or she is violating the rules and fine him/her if the violations continue. But what if the annoying resident is a tenant, not an owner? 

The response isn’t quite as straightforward. The board has no direct relationship with the tenant, no authority to enforce the association’s rules against him, and certainly no authority to evict him, unless the governing documents specifically grant that authority, which most do not.  The board’s relationship is with the owner of the unit, who is the tenant’s landlord, so any actions the board takes should start there.

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Insurance and Risk, Lending and Finance Dean T. Lennon, Esq. Insurance and Risk, Lending and Finance Dean T. Lennon, Esq.

WHEN WIRE INSTRUCTIONS GO WRONG: LESSONS FROM A $50,000 CYBER FRAUD

Cyber fraud targeting condos and property management companies is no longer theoretical, it’s the stark reality of today’s world of electronic communications. A recent incident involving a management company illustrates how quickly a seemingly ordinary transaction can become a financial nightmare, and how easily liability disputes can follow.

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Lending and Finance, Legislation and Regulatory Updates Carol Lang Lending and Finance, Legislation and Regulatory Updates Carol Lang

NEW UPDATE ON FANNIE MAE/FREDDIE MAC CONDOMINIUM LENDING STANDARDS: WHAT BOARDS NEED TO KNOW

On March 18, 2026, Fannie Mae announced significant changes for condominium lending in Lender Letter LL-2026-03. There is some good news and some bad news. These updated guidelines are intended to strengthen the financial health and capital planning of condominium communities, with a focus on ensuring long-term structural integrity and sustainability for homeowners. Accordingly, boards and property managers must carefully review these changes as they have a direct and immediate impact on condominium lending, insurance requirements, budgets, and reserves. Fannie Mae guidelines apply to all condominium projects, but specific project review standards apply to projects with five or more attached units. *See waiver provisions below.

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