Does your community have properties that are owned by banks? Unfortunately, bank owned properties have become commonplace in many communities due to the high number of foreclosures that continue to take place in today’s economy. These homes are likely vacant, with covenant violations (weeds and other maintenance issues come to mind), and most likely, assessmentsGo to Resource
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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
Anyone who has attended one of our classes related to insurance obligations for homeowners associations has probably heard us recommend associations carry workers’ compensation insurance. The often asked question is, “Why should we carry workers’ compensation insurance if we don’t have employees?” First, you may have employees, as defined by the Colorado Workers’ Compensation Act,Go to Resource
The Problem – The Unbudgeted Expense: Everything seems to be growing except the coffers: boards are faced with mounting operational expenses and increased delinquencies, without the same matched growth in revenue. And, unfortunately, not all expenses are planned – emergencies will come up. For example, if there is a big snow storm and the associationGo to Resource
If your community’s declaration is silent as to interior alterations of units, did you know that Section 211(a) of CCIOA authorizes owners to make improvements or alterations to their units without seeking board approval? Specifically, Section 211(a) authorizes owners in post-CCIOA communities (communities created after July 1, 1992) to make improvements and alterations inside theirGo to Resource