Yes, it does. As an attorney with experience in the matter, though, the scale of the expense can be outrageous if the COA wasn’t properly funding a reserve account, far greater than typical home surprise expenses. Worse yet if you have a few units in the condo that are bank-owned in a state that basically gives banks a free pass from dues on foreclosed/REO condo properties (Florida, looking at you).
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Yes, it does. As an attorney with experience in the matter, though, the scale of the expense can be outrageous if the COA wasn’t properly funding a reserve account, far greater than typical home surprise expenses. Worse yet if you have a few units in the condo that are bank-owned in a state that basically gives banks a free pass from dues on foreclosed/REO condo properties (Florida, looking at you).