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Business Condo in California (Real Estate & Property Law)

Tue, 15 Dec 2009 12:33:00 GMT

I and 2 other doctors purchased suites inside a new medical building. We formed an association and pay a monthly fee based on square footage, but since 90% of the building is still unoccupied, our association dues are not sufficient to cover maintenance costs for the entire building. The building is held by an LLC consisting of the developers and a group of investors and they have refused to pay dues to the property management company since we moved in. Are the developers/investors responsible for costs proportional to the unsold units?

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  • Wed, 16 Dec 2009 19:40:00 GMT(1)
  • That's a matter of contract, and I am unable to review the contracts. I suggest taking the documentation at issue to a real estate lawyer for review.
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