Association managers and association lawyers should, and usually do, share a common goal: providing the best possible service to their client associations. Meeting this goal requires a high level of cooperation and understanding on the part of both the manager and the lawyer. Each of them operates under a number of practical and professional limitationsGo to Resource
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When a townhouse exploded on Manhattan’s Upper East Side last summer, New Yorkers ran terror-stricken into the streets. As smoke billowed from the wreckage, no one knew what had caused the explosion, or how many people had been hurt. Just three months later, on October 11th, panicked residents were again evacuated when a small planeGo to Resource
INTRODUCTION In our society of increasing litigation, its comes as no surprise that suits against property managers are on the rise. The incidence of lawsuits for professional negligence in various fields has increased greatly in the last ten years, and the property management field has not been immune to this trend. While no course ofGo to Resource
Experience has proven that a manager who takes the effort to avoid the five practices listed below benefits both from reduced liability and the increased professionalism that he/she exhibits in dealing with boards, vendors, and developers. Do not exceed documented authority to act. The contract between the manager and the association and the minutes/resolution ofGo to Resource
Steps To Safeguard You and Your Association Have your attorney conduct a legal audit/checkup. Have all insurance policies reviewed by your attorney for coverage, as well as compliance with your governing documents. Amend your Articles of Incorporation to limit board member liability for breaches of fiduciary duty. Amend your Bylaws to provide for broad indemnificationGo to Resource