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Tag Archives Funds

Leftover Funds Must Be Returned or Credited

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Q: Our association levied a special assessment after Hurricane Irma for cleaning up our property and repairing some minor damage to the buildings. The damages were not bad enough to reach our insurance deductible. The board ended up spending …

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Special Assessments May Provide Insured Cash Flow After Storm

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Two weeks ago today, Hurricane Irma tore through in Southwest Florida. All things considered, it could have certainly been much worse. However, it was as bad as it gets for those who lost their lives, and some communities suffered relatively …

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