Whether you serve on a board or manage an association, you know that keeping cash flow steady can be just as challenging as budgeting itself. Operating expenses keep climbing, insurance premiums are higher than ever, and vendor contracts rarely stay flat year over year. When cash gets tight mid-year, boards are often leftGo to Resource
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At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
We are living in a technologically-advanced world where the use of artificial intelligence (AI) has become commonplace in many industries, including community management. AI can generate content with just a few clicks, enticing users with its fast and cheap convenience. While there is nothing wrong with using AI to assist associations in theirGo to Resource
As community associations strive to maintain the quality, cleanliness, and financial health of their communities, one area that often goes overlooked is the impact of residents moving in and out. Without structure, frequent moves can cause unexpected wear and tear on common elements, improper waste disposal, and unanticipated costs for the association. WhatGo to Resource
Any time an owner wishes to install a betterment or improvement on their property which is maintained by the association or the common elements, there should be a Maintenance and Indemnity Agreement to go along with it. A Maintenance and Indemnity Agreement is a binding contract holding the owner (and future owners) responsibleGo to Resource
Let’s be honest: the insurance market for Colorado HOAs right now, kind of brutal! Premiums are skyrocketing, providers are tightening their standards, and some communities are struggling to even get a policy. The question isn’t “Will insurance stay expensive?” It’s “How do we make sure our association still qualifies for it?” The goodGo to Resource