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Can a Condo Association Spend Its Money At Will?

| Budgets & Finance |   Fees, Foreclosures, Delinquencies & Collections |  


Question:

When our condo association collects our condo maintenance fees several owners pay quarterly or for the entire year. Does this money have to used by the condo association on a month to month basis or can the condo association use it at will to pay bills?


Answers (4)

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