Can the Reserves Be Adjusted for Items Costing More Than Planned For?

/ Owner - November 20, 2018

Picture yourself in this scenario: The clubhouse needs a new water heater and it will cost $10,000. But all prior reserve studies that have been done in the association have only allocated $6,000 for replacement. What are the board’s options to make up the additional $4,000 difference?    Read the article…………………..

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