Condo Q&A

Assessments for Garage Reserves moved to a general reserve fund

Written by CondoAssociation.com | Fri, Oct 27, 2023 @ 02:30 PM

This question is submitted by Kevin L. out of Illinois

Can the condo board take assessments for GARAGE Reserves built with a separate "Garage assessment" and move it to a general reserve fund for the entire complex not just for the garages? Thanks in advance!



 

 

Thoughts?