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Tag Archives Refund Excess 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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Unanimous Approval Likely Not Required For Amendments

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Q: My association levied a special assessment to fund a repair project to our clubhouse. The project is now complete and there is money left over from the special assessment. The board has been discussing what it should do …

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