Chase your builder for that first-year budget shortfall
Q. We are a new condominium corporation and have just completed our first-year audited financial statements. The actual amount of money spent in the first year of operating our condo corporation exceeds the amount that was budgeted by the builder. Is he responsible for reimbursing our corporation for this underestimated budget? We are very concerned about this matter. Thank you for your help. Read the Q&A………….