Legal fees are a necessary association expense. However, many homeowner associations pay more than they should. Perhaps your association has been using a reliable law firm for several years but you’re troubled by the size of the bills. Or maybe you’re looking for a lawyer to provide legal services to your association. In either situation,Go to Resource
Governance Resources
A homeowner’s association is a non-profit corporation. Every corporation produces business records which can be a life line or anchor for a business. If a business keeps proper records, these records can help lessen the threat of litigation. If a corporation fails to maintain proper documentation, the ability of the corporation to defend itself isGo to Resource
Community association managers and board members are often troubled by how ill-prepared new members are for community life. New members who are inexperienced about life in community associations may have a hard time adjusting and may cause a variety of legal problems. Educating them might be your best defense. Many new members come from aGo to Resource
Majority rules. That is the simple but essential concept on which a democracy rests and it works reasonably well most of the time in common interest communities, where volunteer board members set policies and make rules for their self-governing communities. But some board members don’t understand, or are unwilling to accept, that in order forGo to Resource
□ 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