<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

Can we payout a dividend from our HOA reserves?

| Condo Reserves |  


Question:

We have over $300,000 in our reserves and do not need any capital projects.  Can we pay out some of our reserves as a dividend to shareholders?


Answers (7)

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

HOA manager neglected to set up reserve account and add funds

Bad property management - reserve fund never established

How does condo association give back financial surplus to owners?