Condo Q&A

Is condo owner entitled to cash back from over-funded reserves

Written by stephen polinsky | Wed, Nov 13, 2013 @ 02:04 PM

I am selling my condo. The association has a reserve fund from our association dues. Recently we found that an insurance company had over charged us for several years. We were able to get the insurance company to refund the over charge. Am I entitled to a share of the the over charge in the form of a cash settlement of the over charge.