Misc Resources

Do your communities ever have surplus funds in their operating accounts at the end of their fiscal years?  If so, what have you done with such funds?  Unbeknownst to many, CCIOA actually addresses this issue for post-CCIOA communities (i.e. communities created after July 1, 1992). Section 314 of CCIOA describes “surplus funds” as funds thatGo to Resource

Have you ever wondered when an association legally comes into existence?  Is it when the first home is built, or is it when the development plan is approved by the County?  The correct answer is neither. According to Section 201 of CCIOA, a common interest community legally comes into existence when the declaration and platGo to Resource

Today’s associations understand the need to convey, and even over-communicate, important information to their members.  To that end, some associations have jumped into the cyberworld with their own Facebook and/or Twitter pages.  Before jumping in with both feet, however, associations should consider adopting a social media policy.  Before putting together such a policy, the boardGo to Resource

If your community is still under declarant control, you should be aware that CCIOA prescribes a time frame within which the declarant must turn over control of the board to the community owners. Pursuant to Section 303(5)(a) of CCIOA, a declarant is required to turn over control of the board to owners upon the occurrenceGo to Resource