Is the association obligated to pay taxes for leased units?

/ Owner - January 28, 2017

Q: What is the potential liability to a condo association when it comes to the various taxes that come due from the income that members derive from leasing their respective condos? In other words, if the association is a bit lax in its lease approval process, could it be liable for the collection of such taxes in the event of a member not following through with respective tax collection and forwarding it to the respective tax agency?     Read the Q&A…………..

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