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Bad property management - reserve fund never established

| Condo Reserves |   Property Management |  


Question:

My husband and I live in a four-unit condo in CA that is 5 years old. Two years ago, our four residents voted to raise our dues to start funding our reserves. $112 per month was supposed to go into reserves. Now we find out that there are no reserves because our HOA mgr neglected to set up a separate reserve account. What recourse do we have?


Answers (9)

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