Google Answers: Examples of condominium failures resulting in law changes

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Q: Examples of condominium failures resulting in law changes ( No Answer, 0 Comments )

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Subject: Examples of condominium failures resulting in law changes
Category: Business and Money > Accounting
Asked by: chucksummer-ga
List Price: $10.00

Posted: 17 Dec 2002 05:48 PST
Expires: 16 Jan 2003 05:48 PST
Question ID: 125938

Financial bankruptcy and failures of established condominium
enterprises has caused 34 states in the US to enact changes in laws
governing condominiums so as to require setting up reserve savings
funds adequate to enable payment for replacement and maintenance of
common property elements. We are interested in finding references to
identify and describe typical examples of financial failures due to
inadequate reserve funds.

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