<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Where does condo association's collection of developers funds go?

| Condo Developer Issues |  


Question:

Our condo association has finally collected approxitmately $1,000 from developer which is the net of unpaid assessments on his units minus his 'out of pocket' expenses to our building, all from previous years. How do we count this money? Does it go into our regular operating account or do we put it into our Reserves fund? He is current on his units to-date.


Answers (2)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

Definition of a Condo Association or Homeowner Association (Video)

Can dissatisfied condo owner speak with association's attorney?

Deadbeat owner getting ride on condo association's back