How Much Cash Reserve Should a Condo Association Have?
For condo associations, reserve funding is required by law. Although there can be some wiggle room and even a potential to hold a majority vote to do away with reserve funds, this is rarely a good decision. Reserve funds are a vital component to a condo association’s...
What Can Condo Association Reserve Funds Be Used For?
Your condo association has this stash of money set aside called the reserves. You and many other members think that money should go toward a new paint color in the fitness center. That old pea green just isn’t doing it for you. You should be able to use those reserve...
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Building Sustainable Communities: A Blueprint for Change
Practical guidance for HOA and Condominium board members on governance, legal responsibilities, financial stewardship, and building stronger communities.
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