If owners allowed associations to maintain reserves, you say, boards wouldn't be forced to beg every time they need to replace your roof, repaint your building or repave your parking lot. Your response was to Home Front's report of a condo that needed a new roof but had no reserve to pay for it. To raise money, the board doubled the maintenance. Once maintenance goes up, they feared, it won't come down. Owners wouldn't have a problem if they allowed boards to maintain reserves, says Milton Green, president of Bridgeview, a 300-unit condo in Delray Beach.
State law allows condos to waive reserves if owners approve.
Marion Pietrunti agrees. With a reserve, the money would have been collected gradually over the years. Home Spot is provided for your personal, non-commercial use. Any reproduction, distribution or other use of the content of this area is expressly prohibited under the Terms of Service . Your use of this area constitutes your acceptance of the Terms of Service.