Cam License Questions And Answers

CAM LICENSE QUESTIONS AND ANSWERSThe documents of ABC condominium Association do not require reserves the proposed budget - Answer- Must at a minimum include statutory reservesAll of the following categories of expenditures and required to be included in a condominium budget Except - Answer- Professional feesVerdona oaks community is compromised of two low raises each with an association two towers with one association and 10 villas and one association. How many total associations are located in Verdona Oaks - Answer- 5The Board of Directors of Nother world cooperative has scheduled a meeting to approve next year's budget. The members must receive notice how far in advance of the meeting - Answer- 14 daysUniversal condominium association has an annual budget of 175,000 plus 25,000for reserves. The board is considering an expenditure of 7800 for roof repairs based on a bid from do right roofing. Is the board required to obtain other bids before awarding the contract - Answer- No because the expenditure is less than 5% of 200,000New is a condominium owner who has leased his unit from January 1 through March 31 under what condition does Nell