Must-haves for preparing HOA budgets

09/23/2013 | Daily Herald (Arlington Heights, Ill.)

Condo associations and homeowners associations in the midst of preparing budgets for the next fiscal year need to ensure they include the right items, such as common expenses by category and reserves intended for repairs, lawyer David Bendoff writes. Before the board adopts a proposed budget, residents must receive a copy and be given at least 30 days to review it, Bendoff writes.

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Daily Herald (Arlington Heights, Ill.)

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