shf1957
Level 7
09-17-2022
07:24 PM
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It's condo's and owned by the individuals that live there. They pay dues to cover the expenses of repairs and maintenance...and when they need something big they re assess the new amount that would be due and divide it between them all.. like sealing the parking lot. They do have a bank account with a small amount of reserve in it for a new roof they will need in a few years. I know the interest is taxable..