Neglected condo corporations “I’ll never buy a condo again” — Roza Zarik owner 40 Panorama Court
This chapter explains why condos run into trouble due to low
condo fees, exhausted Reserve Funds, corruption, absentee landlords and
owner apathy.
Will "troubled condos" dig themselves out of dire financial straits when the owners realize that hefty monthly payments are required to
make up for the years of lean fee increases?
More importantly, will owners in newer and healthier condo
corporations learn to avoid falling into the spiral of low fees causing
future grief?