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Reserve fund (Flat ownership)

Flat owners have to form an adequate reserve fund for the provision of future expenses (Section 32 of the WEG 2002). In the regulation of contributions forming the reserve fund, the estimated development of expenses must be taken into account. The reserve fund must be used to cover expenses. This should either be placed in a separate account for the owner’s community that can be viewed by every flat owner or in an equally viewable client account for profit.