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Re: Cash reserve for small condo
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You may want to ask for a copy of the capital reserve study.

http://en.wikipedia.org/wiki/Reserve_study

Posted on: 2014/11/28 21:42
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Cash reserve for small condo
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What constitutes a typical cash reserve amount for a small condo (about 6 units) in downtown JC?
They are already allocating portion of home association fee as reserve but only have about few months of operating expense saved up The monthly home association fee is low.
Is this typical for smaller condos?
Thanks

Posted on: 2014/11/28 16:21
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