It is one thing to allow the corporation to enforce, by way of lien, common expenses that are applicable to all unit holders and that a majority of unitholders have approved. It is entirely another to allow a condominium corporation the unfettered, unilateral right to impose whatever costs it...
We offer stand alone accounting services to condominium corporations, independent property managers and small property management firms. This ensures that even the smallest corporation/management firm can have professional and accurate financial statements.Click here to find out how affordable this services ...
They also consider the overall financial health of the condominium corporation and strive to strike a balance between meeting the operational needs of the building and ensuring fairness to all unit owners. The calculations are then presented to the board of directors for review and approval before b...
” says Sackstein. “However, each entity is a corporation requiring an annual federal income tax return, which is best prepared by a seasoned industry professional. As this industry is extremely specialized, and often board member volunteers do not have experience, or even a financial background...
• Financial management and up-to-date statements • Managing and contracting for needed maintenance and repairs • Dealing with insurance claims and legal proceedings • Communicating and reporting to the corporation • Organization of corporation meetings • Oversight for Reserve Fund Studies ...
The services we offer can be formatted, added to, extended, or omitted to fit your corporation’s specific needs and desires. We will meet your board and listen to your requirements. From this discussion, we will work on forming the best service agreement that will fulfill and exceed your ...
The management and operations of the Condominium (including the creation of the Condominium Budget and financial statements) may be conducted on a calendar year basis notwithstanding the Fiscal Year of the Condominium, as determined by theCondominium Manager(or the Managing Agent, to the extent of ...