Let’s face it: costs for services continue to increase and legal services are no exception. But what options do associations have to save on legal fees without exposing themselves to liability for failing to get informed on legal issues? As it turns out, associations do have some options, which involve preplanning their legal communications andGo to Newsletter
Budget Resources
With the ever-increasing costs of insurance, maintenance, labor, and supplies, community associations are looking for options to fund large scale projects. Whether your community needs a roof replacement or major swimming pool repairs, if your community is considering a loan to fund such project, you must understand the association’s rights and limitations. The first stepGo to Newsletter
Special assessments are commonly used to pay for unexpected repairs and replacements occasioned by unforeseen, and often catastrophic events, such as a roof replacement after a wind/hailstorm where insurance proceeds are insufficient to cover the costs, or to pay for an elevator replacement when a condominium building’s only elevator unexpectedly fails. Once you have decidedGo to Newsletter
Since July 1, 2018, when the CCIOA budget process was made applicable to pre-CCIOA communities, there continues to be confusion and unclarity with respect to the CCIOA budget process and especially if and how it applies to special assessments. The purpose of this article is to help clarify both the budget process and special assessmentGo to Newsletter