Disputas por el fondo de reserva (Reserve Fund Disputes)
The reserve fund is the money that the community sets aside for large future expenses. Disputes arise when the board uses the reserve for other purposes, when not enough is collected and a special assessment is then imposed, or when they refuse to show the status of the fund.
What it is
The reserve fund is the money that the community sets aside for large future expenses. Disputes arise when the board uses the reserve for other purposes, when not enough is collected and a special assessment is then imposed, or when they refuse to show the status of the fund. This is caused by a lack of transparency: budgets summarized in a single line and evasive answers during meetings. It is a frequent topic among financially conscious owners, especially before selling or buying. Successful solutions involve exercising the right to review financial statements, the reserve study if one exists, and the minutes where the use of the fund was authorized. On this page (free), we offer a general explanation of what the reserve fund is and what type of analysis we perform. As a member of Mi Junta ($29 per month, covers all categories), you receive help with drafting document requests, interpreting financial statements, writing proposals for the meeting, links to applicable regulations, and ongoing support.
How we help
General guidance on this topic is free: on this page and on the call we explain what it is, why it happens and what options exist in general terms, valid in any country, without citing specific laws.
As a member you receive the full analysis of your case: we help you draft the letters and documents, give you references to the rules and laws applicable to your country and your type of condominium, and walk with you step by step until it is resolved.
Questions we ask to fine-tune the help
To fine-tune the help to your situation, as the conversation moves forward we ask you:
- Have you already received a notice, letter or charge related to disputas por el fondo de reserva (Reserve Fund Disputes)? Who issued it: the board, the management company or a third party?
- Do you have the rule book, letter or statement where this topic appears?
- In which country is your condominium or apartment?
- What type of property is it: condominium, apartment, co-operative, townhouse or other?
- What type of board do you have: owner-elected, developer-controlled or other?
- Who manages it: a professional management company, the board itself or another model?
View this topic on the call page