Liabilities Resources

Tax Liens on Common Areas

Filed Under Complex Litigation, Governance, Liabilities, Statutes

Posted May 1, 2012

With more and more developers going bankrupt and pulling out of partially constructed residential projects, we are seeing more and more instances of common area tracts, or tracts that are intended to become common areas in the future, being encumbered by tax liens where the developer owner has failed to pay property taxes on suchGo to Resource

Don’t Get Wet: March 15 is Only Two Weeks Away!

Filed Under Governance, Liabilities

Posted March 1, 2012

On July 23, 2010, Attorney General Eric Holder signed Final Regulations revising the Department of Justices’ ADA regulations. Among other revisions, these new regulations created new standards for accessibility to pools and hot tubs for all “places of lodging” and “places of public recreation”. All compliance must be achieved by March 15, 2012, or uponGo to Resource

Developer Liability Avoidance

Filed Under Governance, Liabilities

Posted September 26, 2011

General Advice to Developer-Appointed Association Directors Why increasing litigation? Some sloppy construction in 1980’s Developer frequently does not understand how Association works Profit center for plaintiff’s counsel Board fearful of breaching fiduciary duties Sometimes Board in control of aggressive few Generally litigious society Be aware of duties Duty of loyalty during transition Directors and fiduciaries. Go to Resource

Checklist for Limiting Manager Liability Insurance

Filed Under Liabilities, Samples, Forms, Checklists

Posted September 23, 2011

□ 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

Duties and Liabilities Of Board Members

Filed Under Governance, Liabilities

Posted September 23, 2011

INTRODUCTION Community associations of any size are similar to big businesses in many ways. Most community associations are confronted with various maintenance and operational tasks. Typically, a community association’s business is conducted by a board of directors. These boards of directors may be responsible for six and seven figure annual budgets. They determine the characteristicsGo to Resource

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