stockpile,reserve,backlog- something kept back or saved for future use or a special purpose hidden reserve- reserves that do not show up on the balance sheet (as by understating values) pool- any communal combination of funds; "everyone contributed to the pool" ...
Reserve Funds: Expectations versus Reality Most associations know that it is important to adequately fund their reserve items. However, the … Continue Reading… 2023 Florida Reserve Funding Updates The 2023 Florida Legislative Session made some changes to Senate Bill 4D, which was passed in 2022. ...
Reserve funds fill the same functions in co-ops and condos and are basically handled the same way. Still, there are some differences in the way they might look at the process. When rental apartments within the city are converted to condo units, for example, then the condominium corporation f...
Our team of licensed inspectors, professional engineers, and skilled professionals offer a wide range of services tailored to HOAs, condos, and other communities. We provide the information you need to make informed decisions about your reserve funds. Proven Track Record With years of industry experi...
Our team of licensed inspectors, professional engineers, and skilled professionals offer a wide range of services tailored to HOAs, condos, and other communities. We provide the information you need to make informed decisions about your reserve funds. Proven Track Record With years of industry experi...
Our team of licensed inspectors, professional engineers, and skilled professionals offer a wide range of services tailored to HOAs, condos, and other communities. We provide the information you need to make informed decisions about your reserve funds. Proven Track Record With years of industry experi...
Because co-ops or condos with adequate reserves have the funds available to make needed major repairs and improvements, they are usually better maintained, which enhances the value of the property. Inadequate reserves may restrict a board's ability to properly maintain the property, and thus advers...