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For $1M, 2 bids are better; 3 better yet (access required)

I live in a 125-unit condominium. Recently, our board of directors signed a contract for almost $1 million to upgrade our elevators. I believe that the board did not get any bids and just went with one company. Is there any law requiring more than one bid on any one job, especially one as large as this? – Henry

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Fee fear (access required)

Fee fear <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

With the General Assembly's 2013 session in full chatter, many are wondering exactly how many tax-policy changes state lawmakers might have up their sleeves, as a slew of proposals have already been bandied about.

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Can fees be added to tax basis? (access required)

I recently heard that the portion of one's monthly condo fees that go into a reserve fund for capital improvements to the overall property can be added to an individual condo unit's tax basis. Is this true?

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