 Kannekt Forum Index Crystal Point Condos  working capital account
|
Browsing this Thread:
1 Anonymous Users
  |
| |
|
|---|
Print Topic
Threaded
Newest First| Poster | Thread |
|---|
| |
working capital account | #1 |
||
|---|---|---|---|---|
|
Anonymous
|
Being charged for 2 months common fee as working capital account.
Is that normal for new condo? Thanks |
|||
|
||||
| |
Re: working capital account | #2 |
||
|---|---|---|---|---|
|
Anonymous
|
it is normal for any new condo..It usually ranges from 2-3 months of the HOA fee.
|
|||
|
||||
| |
Re: working capital account | #3 |
||
|---|---|---|---|---|
|
Anonymous
|
Should be true of all condo associations not just new ones...
These payments fund reserves and provide the Association coverage in the event of default. |
|||
|
||||
| |
Re: working capital account | #4 |
||
|---|---|---|---|---|
|
Anonymous
|
Quote:
don't know of a building that doesn't charge this fee. In fact, most charge 3 so consider yourself lucky. |
|||
|
||||
| |