Resources

LOAN APPROVAL PROCESS: WHAT TO KNOW BEFORE YOU START

Filed Under Financial, Manager Resources

Posted February 1, 2021

There are times when a community association may need to explore its funding options, such as if it is considering a large construction or renovation project for the community. A loan may be an attractive option to avoid relying on increased assessments, special assessments or reserves alone to fund the project. Ultimately, whether a loanGo to Resource

By Elina Gilbert

STATUTORY DEFAULTS WHEN YOUR DOCUMENTS ARE SILENT

Filed Under Manager Resources, Statutes

Posted February 1, 2021

Do you know both CCIOA and the Nonprofit Act contain “default” provisions that kick in when your governing documents are silent? Although there may be too many of these provisions to discuss in a single article, below are some of the more important ones: Director Qualifications: If the governing documents are silent, a directorGo to Resource

By Missy Hirst

The Healing Process

Filed Under Building Community, Manager Resources, Misc

Posted January 4, 2021

While I celebrate 2020 now being in the past, I send you best wishes for a successful 2021. May we all have toilet paper, hand sanitizer, hope, and optimism in abundant supply in this new year. Last year was the year that was broken, in many cases. It was the year of broken concert toursGo to Resource

By Kiki Dillie

What is acceleration of assessments? When and how should you accelerate?

Filed Under Collections, Manager Resources

Posted January 4, 2021

What is it? If you’ve come to one of our collections classes or read your Association’s Collection Policy, you may have heard the term acceleration. But what exactly is that? Accelerating means calling due all of the year’s assessments now. If it’s January and you accelerate assessments, all the monthly (or quarterly) assessments due thisGo to Resource

Understanding Homeowner Association Insurance

Filed Under Maintenance & Insurance

Posted December 23, 2020

MASTER POLICY Master policies are a form of property and liability insurance carried by associations that the members pay for as part of their assessments. Master policies typically cover common elements in a community as well as portions of units at times. State laws pertaining to condominiums and most project legal documents creating condominiums requireGo to Resource

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