Is there a reserve fund for the office condo building?
At the end of 2007, the building established a reserve fund when the first owners closed on their units, and it is currently being funded through the monthly assessments. Given that the building has already undergone extensive renovations, it is the developer’s belief that the building is well capitalized for anticipated maintenance in the near term. The developer and the management company are happy to share budget and capital improvement plans.
Related Questions
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