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Can owners keep their portion of the Condo Reserve Fund?

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This question comes up every now and then. As a condo owner sells his unit, they receive a copy of their Condo Documents, which among other things, clearly shows their portion of the Reserve Fund in the condo corporation. So naturally, they sometimes ask: Do we get to keep that money?

Alternatively, condo buyers will ask:”Do we need to come up with this amount and put it into the Reserve Fund once we take possession of our new condo?

This 3 min. video gives the answer:

If you’re in the market to buy or sell a condo in Winnipeg, call or e-mail me for a free consultation.

Bo Kauffmann  333-2202

What’s wrong with this Condo? – Winnipeg’s Real Estate Blog

Numerous ‘for-sale’ signs in front of a condo projects DO NOT mean there is anything wrong with the units. Facts behind condo sales in Winnipeg.

Publish Date: 09/18/2011 10:53

http://bokauffmann.com/whats-wrong-with-this-condo/

6 Reasons to buy a Condo in Downtown Winnipeg

TweetSharebar Tweet6 reasons to buy a Condo in downtown Winnipeg . Downtown Winnipeg might not be the first place you think of when you are considering buying a condominium but there are some beautiful buildings …

Publish Date: 07/08/2011 9:44

http://bokauffmann.com/6-reasons-to-buy-a-condo-in-downtown-winnipeg/

Technorati Tags: condominium, Condominiums, first time buyer, luxury condos, mls

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