Let’s say an Ourboro co-owner opts-in to the Complimentary Home Maintenance Program. After one of their semi-annual visits, paid for by Ourboro, the home maintenance company will send the co-owner a report noting any maintenance needs and their level of urgency.
In this example, the home maintenance company notices a small leak in the roof and recommends the co-owner fixes it as soon as possible to limit any further damage to the home. The co-owner will then have the option to hire the home maintenance company to make the repair, or hire a separate service provider. If a co-owner can not afford to repair the leak, they may choose to make a withdrawal from the Homeowner Advance Fund. Of course, the co-owner may also choose not to repair the leak, however they would be responsible for any loss to the home’s value as a result.