<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Does HOA board have obligation to seek best rates for reserves?

| Condo Reserves |  


Question:

What obligation does the board have to invest the reserves in the most favorable interest rate?   Also, does the board have to have contracts with subcontractors or is it acceptable to hire a subcontractor on a monthly basis with no scope of services?


Answers (6)

What are your thoughts on this topic?

Comments and postings are not legal advice, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other.
 

Related Posts

Florida HOA having problem raising assessment

Is HOA board obligated to regularly fund reserve?

Condo board borrows from reserves. Owners afraid it will not get re-paid.