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Short-Term Pain for Long-Term Gain

Author: 
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Publication date:
December 18, 2020
Article Summary: 

The article discusses the importance of adequate funding in condominiums for long-term financial success. It highlights the issue of low reserve fund contributions in the initial years of a condominium's existence and the need for future planning. The article calls for condominium boards to set appropriate contribution levels to avoid financial challenges for future owners and to create a sustainable financial future for the corporation.

Keywords: 

Condominium, financial success, reserve fund contribution, maintenance fees, funding, future planning, condominium boards, sustainability, reserve fund study.

Source Citation: 
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Short-Term Pain for Long-Term Gain
December 18, 2020
https://cci.ca/resource-centre/view/1051?words=&filter=all
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