How should extra funds from canceling cable be used?

Q: We have recently stopped using Comcast as our provider for basic cable to all 144 units in our buildings. The president of our board of directors announced that instead of reducing the condo fee by the $48-plus per month that we were paying, he would just leave it as is and use the extra money for a slush fund to pay for any future expenses. I personally think this is wrong, but do not know for sure if it is.   Read the Q&A………..


Related Articles

Keys retreat or alleged rip-off? Unit owners block condo redevelopment proposal at Ocean Reef Club (FL)

A plan to tear down and rebuild a 1970s condo building at the exclusive Ocean Reef Club in Key Largo

Often the only recourse available to HOA lot owners is to sue

Here’s my real concern. I’ve been trying for the last six months to address these issues thru an attorney who

Courts eliminating backlog of foreclosure cases

While Florida continues to put up alarming foreclosure numbers, Circuit Court Judge Howard Maltz of St. Johns County is starting