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Coming Back from Financial Mismanagement

Author: 
Toronto Condo News
Publication date:
November 26, 2018
Article Summary: 

Financial mismanagement in condo corporations can lead to serious problems such as inadequate reserve funds, difficulty in selling condos, and special assessments. The article stresses the importance of recognizing and admitting the problem, identifying its cause, and implementing best practices to improve the situation. Successful condo corporations have responsible owners, good directors, and owners who pay their fees on time.

Keywords: 

Financial mismanagement, reserve fund, special assessment, condo fees, best practices, responsible owners, good directors, transparency, implementation, improvement.



Source Citation: 
Toronto Condo News
Coming Back from Financial Mismanagement
November 26, 2018
https://tocondonews.com/archives/coming-back-from-financial-mismanagement/
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