I think it's kind of the other way around. There are laws that force condo boards to maintain the reserve fund at whatever cost. So there can't be a limit on the amount of increase or frequency. Mine were $901 when I sold last year. My mortgage was $1201. I suspect they will be the same by 2016.
Last edited by OMG!WTF!; 11-24-2014 at 10:37 PM.
Reason: spelling
|