Community associations frequently incur significant and complicated insurance claims. The Colorado Front Range is notorious for intense hailstorms and the resulting roof loss claims. The process to document and submit a claim to the insurer to receive all appropriate insurance proceeds is known as “claim adjustment”. Claim adjustment can be time-consuming and complicated. Many associationsGo to Resource
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In its most basic form, “Selective Enforcement” is when an association’s board chooses, at its discretion, to enforce a particular rule or obligation against one owner or group of owners but not to enforce that same rule or obligation against other owners. Selective Enforcement isn’t always ill-intended; in fact, in many ways, the board believesGo to Resource
Common Collection Terms
** Originally Published on: Sep 15, 2011 ** We have compiled a list of common legal terms to assist managers and board members with understanding the terminology used when discussing the collection of unpaid assessments. Assessment: The fee an owner is required to pay to the association, typically monthly, quarterly, semi-annually, or annually for suchGo to Resource
Receivership: An Alternative Collection Method
**Originally Posted on Sep 15, 2011** Introduction A receivership is the court ordered appointment of a rental manager for a property. The receiver (rental manager) is a disinterested person who manages the rental of the property, collects the rents and disburses the rents according to a court’s orders. The receiver should be experienced andGo to Resource
Altitude’s Melissa Garcia Mentioned in Boulder Weekly Article Boulder Weekly – Pressure Points | High HOA Fees Are a Challenge for Affordable Homeowners