BUYER DO YOUR HOMEWORK. AN ASSOCIATION IS BEING FORMED TO MANAGE COMMON AREAS. ALL 12 UNIT OWNERS WILL BE RESPONSIBLE FOR SPECIAL ASSESSMENT OF UP TO $30,000 TO REIMBURSE FOR BUILDING REPAIRS, ROOF REPLACEMENT, STRUCTURAL ISSUES, TUCK-POINTING, DECK AND PATIO REPLACEMENT, HALLWAY REMODELING, ETC. ALSO A NEW BUDGET WILL BE SET WITH MONTHLY DUES AND SPECIAL ASSESSMENT TO BUILD UP THE RESERVES. UNIT ALSO NEEDS REHAB.
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