At one time or another, every condominium corporation has to spend money on replacing equipment or making major repairs. Whether that means replacing a roof, installing a new ventilation system or any other big-ticket project, they are a necessity. But how should your condo corporation pay for them?
That depends on how soon you need to start your capital project and how far ahead you planned for it. These factors will help determine which of the following funding approaches makes the most sense for your corporation.
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