Q: Can the board adopt a rule that prohibits renters, but not owners, from having pets? A: This is a common question, particularly with condominium projects in the mountain resort areas. Many tenants in mountain communities rent on a short-term basis, and there is the perception that short-term four-legged guests cause more damage, create moreGo to Resource
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You’ve often heard us talk about the three facets of a community: But there are also three modes of governance for your association board. Governance as Leadership; (Chait, Ryan & Taylor, 2005). In the fiduciary mode, boards are concerned with being the steward of the association’s physical assets. In the strategic mode the boardGo to Resource
Do your communities ever have surplus funds in their operating accounts at the end of their fiscal years? If so, what have you done with such funds? Unbeknownst to many, CCIOA actually addresses this issue for post-CCIOA communities (i.e. communities created after July 1, 1992). Section 314 of CCIOA describes “surplus funds” as funds thatGo to Resource
How can you tell an experienced meeting chair from an inexperienced chair before the meeting is even called to order? There are lots of ways, but one key indicator of an experienced chair is such individual has a copy of the organization’s bylaws close at hand. Why? What is in that formal, bureaucratic document thatGo to Resource
A homeowner association’s ability to foreclose on a property for failing to pay assessments is a potent tool in collections. Unfortunately, many associations do not utilize this avenue of collections due to a belief that the association would become obligated to pay the first mortgage on the property if it ended up owning the foreclosedGo to Resource