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Ask Curbed: The Nondo Effect

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A Curbed reader writes in with some popular queries for these times: "With many condo developments going rental, I have some questions on the finances on these condo associations: 1) Who pays for the common charges on condo units that are rented on by sponsors? 2) How much reserves is required or typically put up by sponsors for the condo association initially? Does it depend on how many units closed? 3) Last, how likely will the condo association finance deteriorate with large number of units going rentals?" Those with knowledge, please share. [Submit an Ask Curbed]