In creating reasonable rules following a process will help ensure that the rule is necessary as well as valid: Determine the need for the proposed rule. Good rules accomplish exactly what the board intended them to accomplish. Unfortunately, some associations try to solve a problem by passing rules that are either too harsh or tooGo to Resource
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The Colorado Common Interest Ownership Act (CCIOA) requires associations to annually “disclose” the information below within 90 days after the end of each fiscal year: Name of the association; Name of the association’s designated agent or management company, if any; Valid physical address and telephone number for both the association and designated agent or managementGo to Resource
Attorney Fees Pay attorney fees to negotiate and complete any annexation agreements Amendment to Declaration/Bylaws/Articles Pay all costs including attorney fees associated with governing documents Landscaping Issues Common Areas; complete within ____ days of annexation Provide as built drawings – lines, rotors, controllers and clocks, and right to reject Walk through before turning overGo to Resource
As 2011 nears, many boards and managers find themselves in the midst of budget season. If your community was created after July 1, 1992, it is subject to the budget process laid out in CCIOA. Although this process sets forth lots of requirements, it also creates latitude for associations whose documents set forth more stringentGo to Resource
Experience has proven that a manager who takes the effort to avoid the five practices listed below benefits both from reduced liability and the increased professionalism that he/she exhibits in dealing with boards, vendors, and developers. 1. Do not exceed documented authority to act The contract between the manager and the association and the minutes/resolutionGo to Resource