Investment of Condominium Association Funds Warrants Caution
Question: I am a member of my condominium association’s board of directors. Recently, we were discussing how the association’s reserve funds should be invested. Historically, we have kept the association reserve funds in savings accounts and CDs, which are fully insured. However, the returns on these accounts have been minimal. Certain members of the association are insisting that the association diversify how the reserve funds are invested, including investing in the stock market. Is this appropriate for a condominium association? Read the Q&A……………
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Question: I requested that my homeowners’ association send me a copy of the association’s contract with the pool cleaning company.
Question: Our HOA documents were recorded at the time of construction, which was approximately 1985. They state that any amendments