Definicja maintenance reserve
Condominium owners' association (COA)
In Germany, condominium owners' associations are legally required to build up maintenance reserves of an appropriate amount. According to these laws regarding maintenance reserves, the association can also build reserves for other purposes, such as swimming pools, or other shared facilities.
Maintenance reserves are the property of the condominium owners' association, and are not returned to the individual owners (if they sell their condominiums, for example).
Słownik i definicje SAPa na M.