Expert Realtors in Fort McMurray, AB

How well do you know your condo's finances? Keeping up with financial reports means you won't be caught off guard by spending decisions or fee changes. Remember to: 📈 Read Your Annual Statements: Your condo board will share yearly financial statements and budgets with you. You should get these documents at least 14 days before the Annual General Meeting. 🗓️ 💼 Watch For Budget Updates: Costs can change through the year, and the budget may need to be adjusted. If there are changes in the budget during the year, you'll be informed ASAP. 💡 Exercise Your Right to Review: It's your right to review your condo community's financial documents - they show where your fees go! 🧐 Follow the Spending: Look at the statements to see if spending exceeds income - a key financial health indicator. 👍 Stay Informed: Regularly reviewing these documents helps you stay on top of your condo's financial wellbeing. Keeping an eye on your condo's financial reports helps protect your investment -- it's worth taking time to read and understand them. If you have questions about reviewing financial reports for your condo, give us a call! We're here to help!