Glossary
Hybrid assessment
A special assessment where each unit chooses to pay in full, pay by instalment, or finance its share through the corporation's borrowing facility. Owners with cash are not forced to borrow, and owners without cash are not forced to sell.
Jurisdiction record
What it is called where you are
Ontario
- Same in both jurisdictions.
Florida
- Same in both jurisdictions.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.