Condo Q&A

Question on FL association loan term that is ending

Written by CondoAssociation.com | Mon, Nov 9, 2015 @ 07:04 PM

I would like to know if the community loan that was approved 10 years ago, and is coming to an end this upcoming month, has to be removed entirely or does the board has the right to remove only part of it?

Can they do a partial reserve, or does it has to be full or none?