This came across my desk today from whom, I don’t know. All I know is, it sounds kine of strange. It sounds like Preston Tower, one of two condominium towers in the sizzling hot ‘hood at Northwest Highway and Preston, aka “Behind the Pink Wall”, wants to shift costs away from the HOA and onto the individual condo owners. Why would they be doing this?
Preston Tower has had a number of lawsuits over the past few years, some of which they have lost. Perhaps this is an effort to shift costs and responsibilities back to the individual condo owners, says our Jon Anderson.
But can they do this?
And what does this do to property values? If you were a buyer, would you buy in a building where your HOA had almost zero responsibilities? Let’s talk about this…
