What to Do If You Have to Levy a Special Assessment

In a previous post, we talked about the importance of adequately funding your reserves as an HOA. While it would be ideal for every HOA to have a healthy reserve fund that could cover almost any unexpected cost, that’s not always the case. Not all associations have built up a reserve over time. Some may have had recent unforeseen emergencies that depleted their reserves, while others may still be trying to recover their reserves after several years.    Read the article………….

Editor

Recent Posts

“It’s shameful:” Condo board asks residents to pay more than $20,000 in special assessment fees

Owners at the Regency Gardens Condominiums got notices saying their board plans to pass a…

5 hours ago

Two Rivers Services to Help Private Condo Group (WI)

Buckley says the condo association was developed with private infrastructure and the maintenance of roadways…

8 hours ago

Australia Op/Ed: There’s more trouble coming for apartment owners. Here’s why

The Netstrata insurance scandal rocked the strata management industry in NSW but that’s just the…

8 hours ago