What is a maintenance & insurance chart? Why would an association benefit from one? How are they created?
Maintenance & Insurance Resources
Natural disasters come in many shapes and sizes. It could be a tornado, a flood, Superstorm Sandy, or a wildfire. Regardless of the type of disaster, the devastation and loss is often overwhelming. Nothing can fully prepare someone to handle the emotional impact of a natural disaster. However, with some thought and planning before aGo to Newsletter
In Colorado, we are blessed and cursed with four seasons, each being the foundation of various possible issues with unoccupied or vacant units especially in mountain communities. Units can be unoccupied for different reasons, maybe they are truly vacant or maybe they are idle units that are rented out periodically. Winters can be brutal andGo to Newsletter
If your association is a condominium community created after July 1, 1992 (post-CCIOA), take a look at your property insurance policy and see if the association maintains a “bare walls” policy. If so, this insurance policy may be subject to challenge regardless of what your governing documents might require. A “bare walls” policy typically coversGo to Newsletter
Did you know that Section 307(1) of CCIOA requires post-CCIOA associations to maintain common elements (including general and limited common elements) and owners to maintain their units in absence of a statement to the contrary in the declaration? Did you also know that this same provision authorizes associations and their agents to enter units forGo to Newsletter