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Dalia Bose's Blog – August 2014 Archive (1)
How Much Cash Reserve Should a Condominium Association Have?
My real estate practice is focused in Hoboken and Jersey City, NJ, where a large majority of properties are in condominium form. As such, one of the most common questions in buyers' minds is “How Much Cash Reserve Should a Condominium Association Have?” This number is important, since it indicates if the condominium association is in good financial health to make all necessary repairs to the common areas, which are crucial in preserving and increasing the value of the individual unit.…
ContinueAdded by Dalia Bose on August 12, 2014 at 10:39am — No Comments
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