| Pass a resolution at a board
meeting for a special assessment. The owners have no say in the matter.
|Hold a special owners' meeting
to pass a loan bylaw. This may be
preferred by the manager because there may be undisclosed "finder
other commissions that can be pocketed. The owners are told this is the
preferred way to raise the money as the loan can be paid back over a
long period which results in lower monthly payments.
|Try to talk 90% of the owners
into selling some of the common elements
to raise money to pay for the required repairs. This is tricky to pull
off as it means a change to the Declaration but it does make for a
completely painless way to raise cash.