How Much Should Condo Associations Have in Reserves? (IL)

/ Owner - January 20, 2022

One of the most important indicators of building health is the state of the building’s reserves. Think of the reserves like the building’s savings account (as opposed to the operating fund, which is the checking account). The reserves ideally have all the funds for the building’s short to mid-term projects, and also sufficient funds to cover unforeseen expenses, which should also be expected to come up occasionally.   Read the entire article……………………………….

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