Q: Something has been bothering me for a while regarding the reserve funding level that is appropriate for a given association. Many associations strive (and set the dues) to achieve 100% funded. Do they really need to carry such high balances? Wouldn’t it be enough to carry only sufficient balances to meet the future projected reserve expenses (with a sufficient contingency cushion for uncertainties)? Read the Q&A…………………………………
Q: We are in the process of purchasing an apartment. Our closing attorney received the…
(a) Notwithstanding any other law or the association’s governing documents, a board meeting or meeting…
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