General meeting of the management company-the owners (not residents)Lucky said:Hi Easy Rider,
The first residential meeting will be in 2 months time according to the management company!!
happy said:Hi everyone,
– The purpose of a sinking fund is its an “emergency fund” that is only used in such cases where our normal Management Fees cant cover a “once-off” big cost, then we (“the owners”) all have to agree to dip into the sinking fund to pay this “once-off” expense otherwise if the sinking fund is gone, it will come out of our pockets. Again, this money will only be used in emergencies
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