Condo Q&A

How can condo association deferred maintenance accounts be used?

Written by stephen polinsky | Tue, Oct 14, 2014 @ 01:09 PM

What exactly can condo association deferred maintenance and unallocated interest accounts be used for? I've always understood that these 2 accounts can be used for any reserve spending, such as elevator upgrade, painting, carpeting, roofing, paving, etc.