Condo Culture: Ignoring reserve fund study puts property values at risk

Q: Our condo conducted its first reserve fund study and received recommendations for contribution increases to the fund. Instead of following the recommendations, our board of directors presented a plan to fund the increase over 17 years, rather than over two years as the reserve fund study indicated. Does the board of directors have the mandate or authority to override the recommendations of the reserve fund study?    Read more…….


Related Articles

HOA says truck owner cannot park on street (NV)

The latest conflict between a Las Vegas homeowners association and a resident all comes down to his truck.  It is

Homeowner and HOA engage in bluebonnet battle (TX)

Battles between property owners and homeowners associations are fairly common, but what one woman is fighting to keep only comes

Manufacturer of suspected source of Marshall Square fire opts to pay as agreed (GA)

The manufacturer of the heating and cooling unit suspected of causing the fire that destroyed the retirement community of Marshall