An innovative way for condos to handle arrears.
An innovative way for condos to handle arrears.
Condo boards might look to small claims court to collect small amounts of arrears.
When shareholders or unit-owners fail to pay on time, a building can get into serious trouble.
Collecting arrears from difficult residents can call for unusual methods.
Boards can’t ignore shareholders in arrears just because they’re in arrears as well.
Who should pay the arrears on an apartment that sold below market-price?
When too much cash is a problem, it’s time to get creative.
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When a shareholder combines two units, make sure they’re combined on paper, too.