Condominium Expenditures In Excess of 15 Percent of the Budget Must Approved By Amendment (MD)

Where a residential condominium expenditure results in an assessment increase that exceeds 15% of the amount contained in the adopted budget, the expenditure must be approved in an amendment to the budget, except in cases where the expenditure is required to address a threat to health or safety, or a significant risk of damage to the condominium     Read more…….

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