To meet the high cost of maintaining condo properties, boards often have to make the hard choice between borrowing money or imposing assessments on unit-owners. Either way, there are decisions of fairness to consider and important operational details to work out. In this episode, Mohammed Salyani, a principal at the accounting firm WilkinGuttenplan, explains the ramifications of various options. Mohammed Salyani is interviewed by Carol Ott for Habitat Magazine.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.