What to Do If You Have to Levy a Special Assessment
In a previous post, we talked about the importance of adequately funding your reserves as an HOA. While it would be ideal for every HOA to have a healthy reserve fund that could cover almost any unexpected cost, that’s not always the case. Not all associations have built up a reserve over time. Some may have had recent unforeseen emergencies that depleted their reserves, while others may still be trying to recover their reserves after several years. Read the article………….
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