Condo Q&A

Is the reserve fund allocated equally or is it part of the budget?

Written by CondoAssociation.com | Wed, Oct 4, 2023 @ 02:30 PM

This question is submitted by Juergen H. out of New Jersey

Under Florida Law, are the pooled reserve funds allocated equally to each unit since a building has 4 walls and a roof, and without such neither the condominium-style or townhouse-style units that comprise the building would be viable?
Or is the reserve fund part of the budget and allocated as per the % table for the various units?



 

 

Thoughts?