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First-Year Deficit of a Condominium Corporation

/ Owner - November 2, 2016

One of the first challenges of a new condominium board of directors is the survival of the first fiscal year on a budget set by the builder. When there is a shortfall between this first-year budget and the actual operating expenses incurred by the corporation during that first year, condominium corporations can turn to the declarant.    Read the article………….

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