"Planning for the Future" is a recent article by Dean Lennon, Esq. published in Community Associations Institute - New England publication Condo Media. Attorney Lennon describes the importance of proper reserve funding and the risks associated with special assessment collections.
"In many conversations over the years, I have heard trustees remark about their pride over not having raised the monthly condo fee during their long tenure on the board. While I understand this sentiment, a flat monthly fee over a long period of time is almost always a mistake and it is a mistake that the ownership could pay a large price for in the future."
For full article with more detail see here ...