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Borrowing
Author:
Ryan Griffiths, CWB Maxium
Publication date:
November 14, 2022
Article Summary:
Discusses borrowing within condominium communities. The article delves into the reasons condominium corporations might need to borrow funds, such as for essential repairs or improvements. It explores the various borrowing options available, including bank loans, lines of credit, and special assessments. The article also highlights the importance of careful planning, transparent communication with residents, and understanding the financial implications before proceeding with borrowing. The article aims to provide guidance on responsible borrowing practices for condominium corporations.
Keywords:
CCI Huronia, Article, Borrowing, Condominium borrowing, Financial planning, Repairs, Improvements, Borrowing options, Bank loans, Lines of credit, Special assessments, Responsible borrowing.
Source Citation:
Ryan Griffiths, CWB Maxium
Borrowing
November 14, 2022
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