Does your association rent out parking spaces, storage sheds or a similar commodity to offset assessment needs? Leasing the right to use a particular common element to a resident can be a great source of additional income for a community association. However, leasing is not the only option. Instead, associations can license, ratherGo to Resource
Unless you’ve been living under a rock, you already know about the Corporate Transparency Act (“CTA”), the federal law focused on combating illicit financial activity. The CTA requires Reporting Companies, including associations, to file a Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network (“FinCEN”). The report must contain certain informationGo to Resource
As many common interest community owners and boards likely know, finding association insurance at a reasonable rate in Colorado is becoming more difficult.  One of the reasons for this is that Colorado is the state with the third-highest wildfire risk, with Colorado’s 20 largest recorded wildfires occurring in the last two decades.  InGo to Resource
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