No. of Recommendations: 3

You wrote, I certainly wouldn't trust them with a lump sum. Major needs will arise and the lump sum money will be appropriated. Condo management routinely over-spends and under estimates the need for roads/roofing/structural repairs. A monthly stream of payments will better direct them to stay within the budget. All condo boards are incompetent and petty.

I don't get your logic. You never have a choice to not pay your HOA dues or special assessment. The HOA has the power to collect them by filing a lien against your property. They may even be able foreclose if they feel it necessary.

Tell me again how opting for a monthly stream of payments vs. a lump sum helps you here? Either way you will pay. Imagining it will go any other way ... well, you're the one that called out *their* incompetence and pettiness. Kettle meet pot.

- Joel
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