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CHARGING CAPITAL ADDITIONS TO THE RESERVE FUND – LETTER TO THE EDITOR

Author: 
Toronto Condo News
Publication date:
May 1, 2023
Article Summary: 

The provided link leads to a letter to the editor titled "Charging Capital Additions to the Reserve Fund" on the ToCondoNews website. The letter addresses the practice of charging capital additions to the reserve fund in condominiums. The author expresses concerns about this approach and argues against using the reserve fund for capital expenditures. The letter highlights potential drawbacks, such as depleting the reserve fund for its intended purpose of addressing future repair and replacement needs. The author suggests alternative funding methods, such as special assessments or financing options, to cover capital additions. The letter aims to contribute to the ongoing discussion on reserve fund management and financial planning in condominium communities.

Keywords: 

charging capital additions, reserve fund, letter to the editor, concerns, capital expenditures, drawbacks, repair and replacement needs, alternative funding methods, special assessments, financing options, reserve fund management, financial planning, condominium communities.

Source Citation: 
Toronto Condo News
CHARGING CAPITAL ADDITIONS TO THE RESERVE FUND – LETTER TO THE EDITOR
May 1, 2023
https://tocondonews.com/archives/charging-capital-additions-to-the-reserve-fund-letter-to-the-editor/
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