Why Percent Funded Should Matter to You
February 5, 2019 No Comments
Special Assessments are the typical unwanted consequence when an Association is surprised by significant expenses that are larger, or earlier, than expected.
Special Assessments are the typical unwanted consequence when an Association is surprised by significant expenses that are larger, or earlier, than expected.
This is a very common question. Most Boards want to know how their Reserves are doing, and, more specifically, how their Reserves are doing “compared
Winston Churchill said “Saving is a very fine thing, especially if your parents have done it for you!” But how much “savings” does it take
The four-part test for determining if a component is appropriate for Reserve Funding is as follows: Is it a common area maintenance responsibility? Is it
Many Boardmembers and Managers at this time of year are asking themselves this very question. With Reserve contributions making up 15% to 40% of the
A body of new legislation affecting Florida associations was signed into law on 6/1/2010. Most significant in our opinion was the “Distressed Condominium Relief Act”.