<prompt> Human: I recieved a letter yesterday stating they needed 600,000 to repair outside staircases and preventive matinece on sprinkler pipes from freezing. What can I do about this? I have until January 8th to give them an answer if Im going to pay the lump sum or payment plan. It goes without saying I dont have a spare 10,000 laying around. The payment plan would bring my HOA fees close to 750 a month for 2 years. Any help would be greatly appreciated. I can provide more information if needed  <response>: This is because the association was and has not been managed correctly. They had no reserve funds to cover these kind of costs. Anyone who purchases a condo must review the governing documents and ask for a statement of their reserve funds. Only after reviewing this information should you move forward. 