Question

as the president of a condominium association can i impose a fine of 100.00 a day for non performance

Answer 1

As the president of a condominium association, you can impose a fine of 100.00 a day for nonperformance.

Hence, the above statement is Correct.

How did this occur?

• Condominium and cooperative fines are capped at $100 per day, and further capped at $1,000 in the aggregate for continuing violations.
• They are regulated by the NJ Department of Community Affairs.
• The fining committee is responsible for this whole task.
• A condominium can come into effect whenever there is any violation.

Hence, the above statement is True.

To know more about Cooperative Efforts from the given link

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