State lawmakers are looking at a number of bills aimed at providing relief for condo owners and associations across the state. It would most notably ease a mandate for reserve funds that caused many to raise fees to make up the cash. Condo owners the past two years say they are shocked by the fees they now pay monthly or quarterly. Whether it’s money going in to the operating budget or reserves budget, the two can add up to a mortgage payment. That cost just on fees to a condo association alone has condo owners across the state asking for help. Read the article…………………………….
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