Insurance is a necessary component of proper community association governance and risk management. All community associations are vulnerable to the loss of property and finances. Board members have a fiduciary duty to protect association assets. The association’s insurance program is a key component for asset protection. How can a board of directors determine the particularGo to Resource
Governance Resources
Directors and Officers – Powers, Duties and Qualifications
“Community Association” is the generic term for communities that are created pursuant to recorded covenants or other documents that create an association of the unit or homeowners. The term community association includes condominiums, homeowner associations, and housing cooperatives. These are typically organized as non-profit corporations, which are operated by a board of directors elected byGo to Resource
Standard of Care for Board Members
In this video, Attorney Melissa Garcia talks about the Standard of Care for Board Members.
How To Get Out of a Contract
Asking an attorney how to get out of a contract you have signed is a bit like asking Houdini how he escapes chains and locks. Well, not exactly. Often, clients come to us shortly after entering into a contract or midway through a contract when things start to deteriorate. Sometimes we can help; sometimes weGo to Resource
Tips for Spotting Problematic Contracts
Associations enter into contracts on a regular basis for various items ranging from general landscaping to major projects such as roofing and fence replacement. Most of the time, these contracts are written on behalf of the contractors and are standard pre-printed forms. These types of contracts leave little room for negotiation, are often missing keyGo to Resource