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The contract of association allows you to divide certain expenses whose costs are shared between your condominium and one or several other entities (ex.: another condominium, a business, the neighbouring building, etc.). When entering an expense related to an association contract, the costs incurred will be automatically divided and only the part assumed by your co-ownership will be displayed in the expense account. The contribution of the other parties in the association will be allocated to separate accounts receivable, while allowing you to pay 100% of the bill.
In this short video, you will learn how to create a contract of association.
00min, 00sec : Introduction
00min, 55sec : Where to go to add a contract of association
01min, 10sec : Adding a contract of association
01min, 40sec : Using a contract of association
02min, 15sec : Closing
UpperBee’s team includes several property managers from one of the largest condominiums and homeowner associations management company in North America. We are therefore pleased to be able to share with you our many decades of experience in condominium and HOA management field.
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