To Borrow or Not to Borrow? How Does the Process Work: Borrowing By-laws
[caption id="attachment_9310" align="alignnone" width="1712"] Photo by: Tom Reedy[/caption] We previously blogged about common myths regarding condominiums utilizing borrowing by-laws here https://ontcondolaw.com/2017/07/12/condo-financing-myths-debunked/ Condominiums have three ways to raise money
- Increasing monthly common expenses;
- Special assessment of owners; or
- Borrowing money from a lender.