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sink fund

22/04/2015 By admin

Why You Need a Clear & Transparent Reserve Fund (AKA Sink Fund)…

A reserve fund or ‘sink’ fund is created under the terms of an apartment lease, with the intention of building up a sum of money over time which can be used to pay for, or contribute to, large items of future expenditure. The concept is to split the cost over a period of time, preventing one off

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