Reserve Planning: Practical Application (Part 3 of 6)
June 18, 2014 No Comments
Because association boards are run by volunteers with typically high turnover, fundamental education will always be at the heart of their success.
Because association boards are run by volunteers with typically high turnover, fundamental education will always be at the heart of their success.
Because association boards are run by volunteers with typically high turnover,
Because association boards are run by volunteers with typically high turnover, fundamental education will always be at the heart of their success. Within my 2014 newsletters to you,
As a resident and, recently, past Board member of the condominium association where I reside, my hopes for a better community were realized one day when an article appeared in our local newspaper telling of legislation requiring all Condominiums to have a Reserve Study done.
Samantha’s article illustrates the purpose and function of a Reserve Study as well as some common objections.
Significant Assets within Condominium Associations means that the current total cost of major maintenance repair and replacement of the reserve components is fifty percent or more of the gross budget of the association, excluding the budgeted reserve contribution.