An overview on Condominium and HOA Reserve Funds
For community associations, preserving the property and its common areas is one of the foremost duties of the association directors. Beyond the day-to-day maintenance responsibilities, association directors and managers are responsible to develop funding plans for the upkeep and replacement of common facilities such as elevators, roofs, heating/cooling systems, swimming pools, decks and balconies. Read the article……….
As you may be aware, the first mortgage holder’s lien (mortgage) is superior to that of the Association. Therefore, in
As a member of a community run by a homeowners association, you pay to live in a well-kept space. Sometimes,
Planning for future repairs and maintenance costs of common areas in the homeowner’s association is one of the most important