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A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur. The reserve study consists of two parts: the physical ...
Maryland House Bill 107, also known as HB107, is a Maryland state law passed in 2022 that mandates that condominiums, housing associations, cooperatives, and homeowner associations complete a reserve study by October 1, 2023. [1]
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Ohio is sitting on $700 million in cash thanks to a federal funding tsunami during the COVID-19 pandemic. The federal money surged into the economy led to higher revenues pouring into the state ...
One of four condos occupying the top floor of the 18-year-old Dakota building at 845 N. High St., the newly listed Short North condo was last sold in 2010. The owner stripped the home before fully ...
A real estate mortgage investment conduit (REMIC) is "an entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors" under U.S. Federal income tax law and is "treated like a partnership for Federal income tax purposes with its income passed through to its interest holders".
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