Condo Q&A

How do pooled condo reserves work?

Written by CondoAssociation.com | Sun, Apr 10, 2016 @ 01:30 PM
I live in an HOA (720) in Florida and the reserves are not pooled right now. They are going to change them all to pooled reserves. The question I have is what happens to the reserves that have been collected to date can the be changed over to pooled reserves or do they have to remain the same. And from this point forward they will be served.