The house wouldn’t sell. For example, the certificate contains items like the names and addresses of the property manager and the officers of the condominium corporation, the monetary standing of the corporation, the reserve fund balance, whether or not any main capital expenditures or increases in fees are planned and if there are any lawsuits pending in opposition to the condominium company.
HOA fees are subject to increase, and if the building requires main maintenance, any costs that are not available in the reserve funds can be billed to the unit house owners. Time period loans: Unsecured personal loans may … Read More...