Condo board required to supply itemized income and expenses report
Q: My husband and I reside in a condominium association. Our bylaws state that on or before April 1 of each calendar year the association must supply to unit owners an itemized accounting of income and expenses. Our management company insists that the association must only make this information available upon request by a unit owner and the only information that must be supplied is a summary of amounts expended without any description of the category of expense or vendor identification. Is there anything more specific in the Condominium Act on this issue? Read the article………..