Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Sinking Fund?

fund sinking
0
Posted

What is Sinking Fund?

0 CommentsAdd a Comment

1 Answer

0

A sinking fund is a reserve fund established, usually at the time a new condominium project is constructed , to pay for any non- routine, structural damages or repairs and replacement to commons areas or infrastructure. This fund can be used only if agreed to buy the condo association.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.