Nobody wants surprise assessments. That’s why the Imperial House has adopted a 20-year plan for maintenance projects and a reserve fund.
Unlike most condominium associations that operate on a pay-as-you-go basis, the Imperial House annually accrues money in a special reserve fund to cover anticipated expenses, which greatly reduces the risk of needing special assessments to cover budget shortfalls. There hasn’t been an assessment at the Imperial House in 20 years.
At the Imperial House, we strive to ensure our residents aren’t financially burdened and can enjoy the benefits of a well-developed maintenance plan that aims to keep the building modern and enhance our services over time.