MichaelS56 (Minnesota)
Posts: 858
Posts: 858
Posted:
Each state has laws that pertain to how Condos and townhomes are to operate. What I have discovered is that no one is expected to be monitoring the Boards. Self-governing Boards may not even know all of the laws that they are expected to follow. If a state law indicates that a townhome association is to have adequate Replacement Reserves, who makes sure that they do? No one.