Archive for June 2026
Special Assessment vs. Condo Fee Increases: Which Is Better for Your Condo Corporation?
Few decisions create more anxiety for condo boards than figuring out how to pay for major expenses. The situation is familiar. The reserve fund study has been updated. A major repair project is approaching. Costs are higher than anticipated. Or perhaps years of underfunding have finally caught up with the corporation. The board suddenly finds…
Read MoreUnderstand Your Condo Budget: A Guide for Board Members (No Accounting Background Required)
Serving on a condo board comes with a surprising responsibility that many volunteers don’t expect: You become responsible for overseeing a budget that may range anywhere from hundreds of thousands to several million dollars annually. Yet most board members aren’t accountants, financial analysts, or auditors. They’re owners who volunteered because they care about their building…
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