Best practices for condo boards to plan for future building repairs

Q: We live in a condo building of 56 units. We have a reserve fund marked for separate items like the elevator, roof, parking lot, painting, etc. If we didn’t have enough money to replace the elevator, can we use some of the money from the roof reserve fund?    Read the Q&A…………..

Editor

Recent Posts

Fire displaces 5 units at Casselberry condo complex (FL)

Five units at a condo complex in Casselberry were damaged in a fire early Sunday…

4 hours ago

Condo signed contract, imposing monthly internet fee without a vote. Is that legal? (FL)

Question: Every unit in our condominium has always used their own cable and internet providers.…

5 hours ago

Can a HOA really tell you what to do about your grill smoke?

Summer is nearly here and that means that it's the perfect time to get grilling. …

18 hours ago

1 injured, up to 75 displaced after Stratford fire at Main St. condo building (CT)

One person was injured and up to 75 were displaced Saturday after a fire broke…

18 hours ago

Condo community installs gates at trash enclosures (NV)

Q: I live in a small condominium community of 84 units. We have three trash…

1 day ago

Not Crazy: Insurance Premiums

Before we look at the data, I can speak about my local experience in Southwest…

1 day ago