Checklist to Sell Association’s Lien Rights

Use this checklist if you are going to sell the Association’s lien rights: When to consider assigning association’s lien:  Property is being foreclosed on by the first mortgage holder and association is not going to redeem.  Often times an association will be contacted by investors if there is a sufficient amount of equity in theGo to Resource

Checklist for Board Orientation Topics

GOVERNANCE ISSUES The role of the HOA and common terminology The role of the Board and the legal duties and responsibilities of directors, including limits on authority Review governing documents Board policies and procedures Rights and responsibilities of owners Role of the management company and review of a management company contract Review minutes from pastGo to Resource

Checklist for Limiting Manager Liability Insurance

 □    Obtain Professional Liability Insurance (errors and omissions insurance) □    Obtain a Business Owners Policy (BOP) □    Obtain Commercial General Liability (CGL) Insurance □    Become (if possible) a named or additional insured on Association’s Directors and Officers Liability Insurance □    Become named or additional insured on Association’s CGL Insurance □    Obtain Fidelity Insurance Management AgreementGo to Resource

Maintenance and Repair Checklist

It is not at all uncommon in townhome and condominium communities to have questions arise about who is responsible for maintaining or repairing various components within the community, especially when one component, such as a leaking pipe, damages other parts of the community.  In deciphering this kind of situation, the following checklist will help toGo to Resource

Maintenance and Repair Checklist

It is not at all uncommon in townhome and condominium communities to have questions arise about who is responsible for maintaining or repairing various components within the community, especially when one component, such as a leaking pipe, damages other parts of the community.  In deciphering this kind of situation, the following checklist will help toGo to Resource
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