The Role and Importance of the Reserve Study in Determining an Appropriate Reserve Fund

A well-run condominium can be thought of as having two components: (1) physical assets, which are the buildings, structures, and grounds on which the condominium is located; and (2) financial assets, which are the funds necessary to maintain the condominium’s physical assets. So long as the financial assets are adequate to meet the maintenance needs of the physical assets, then the condominium project itself stands a good chance to succeed.     Read the article…………..


Tags assigned to this article:
condoHOAreserve study

Related Articles

It’s Tax Time for Your Association

As evidenced by the increase in advertisements from H&R Block, Turbo Tax and your friendly, local accountant, it’s clear that

Going Green to Save Green

These days, it seems like everybody is looking to ‘go green.’ The term is shorthand for a movement of environmental

When Boards Don’t Play by the Rules: Controlling Rogue Board Members

Many if not most boards of trustees get along famously. There are boards that have had the same members for