Fire Sprinkler Installation and Earthquake Retrofit – Are They Reserve Account Expenses?
Without a doubt installation of fire sprinklers and earthquake retrofits make buildings safer and could save lives when and if they should ever be needed. Some municipalities have passed rules for installation/upgrading/modernization of these systems but most have chosen to forego putting anything into law as the cost to the owner(s) of the building can be very high. The question we are tackling from our perspective is; should the installation of these systems be paid for from the Reserve Account? Read the article…………….
FHA Certification does two things for a community association and its members: it allows residents to obtain a Home Equity
Everyone loves to own things—sometime even many things. But occasionally, ownership of things can go too far and accumulation can