Condo Q&A

Condo association reserve funds are "tanked out"

Written by CondoAssociation.com | Thu, Nov 4, 2010 @ 05:53 PM
Our condo association's reserve fund has been "tanked out" and the board feels that according to our documents all the condo reserves must be spent prior to a special assessment. Why bother to separate funds if painting money can be used for roof replacement?