FHA certification and leasing has long been a thorn in condominium communities’ sides. Therefore, it’s important to remember what types of leasing restrictions are acceptable for purposes of FHA certification and what types of restrictions are not acceptable. To summarize, condominium declarations and rules may: Require owners to have written leases and supplyGo to Resource
Category: Community Associations Miscellaneous
With the changes that occurred in seeking FHA certification several years ago, many condominium associations decided it was easier to stop seeking certification and let buyers find other types of mortgages to finance the purchase of units within the condominium community. Well, real estate professionals are pushing back. A recent Washington Post article,Go to Resource
With reality TV continuing to serve up “must-see” programs and cable networks expanding daily, many owners and associations may consider having filming in their community. If you do, a recent CAI article entitled “Lights. Camera. Action!” is a must read. In this article, the author, Pamela Babcock reviews the agreements that are necessaryGo to Resource
You may think that drones are only used by the federal government but think again. Drones are defined as any unmanned aerial vehicle, and privately operated drones are becoming more common and are readily available on the market for a small price ($49-$499). A promoter of personal use drones has declared 2014 theGo to Resource
In a release by the Community Association Institute, it is reported that Colorado has approximately 9,000 community associations or 2.8% of all associations in the United States. Based upon these figures it can be extrapolated that the associations within our state account for: *46,900 board members *16,548 committee members *2,136,400 hours of serviceGo to Resource