One of the most difficult questions posed to a condominium association board is: Who is responsible for damage caused by a water leak? For example: water comes through the roof, intrudes into and damages upper condo unit #1, passes through and damages the common element walls and floors along the way, then endsGo to Resource
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The Corporate Transparency Act (“CTA”), which was was originally enacted by Congress on January 1, 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, requires small corporations in the United States to file reports with the Financial Crimes Enforcement Network (“FinCEN”) on or before December 31, 2024, disclosingGo to Resource
The next meeting for the HOA Task Force (as created under HB23-1105) is currently scheduled for Tuesday, January 16, 2024. The meeting will again be held virtually, and interested persons may register to attend the meeting via zoom or may watch the meeting live on YouTube. The agenda for the January 16, 2024Go to Resource
House Bill 24-1078 was recently introduced into the 2024 legislative session and, if passed, it will affect CAMS and their management companies by reinstating and furthering licensure requirements for both. The long and short of the bill is that business entities that perform community association management for common interest communities in the stateGo to Resource
The new year is just around the corner. Are you ready? Do you have all your ducks, or should I say “docs” in a row? Although most associations have an inspection of records policy that identifies which records must be kept open for inspection under CCIOA, many boards and managers have been askingGo to Resource