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
Resources
The Department of Justice (“DOJ”) and the Department of Housing and Urban Development (“HUD”) are jointly responsible for enforcing the Fair Housing Act, which prohibits discrimination in housing on the basis of race, color, religion, sex, national origin, familial status, and disability. One type of disability discrimination is the refusal to make reasonable accommodations inGo to Resource
From time to time associations are forced to make a difficult decision of whether to evict a resident from a residence in the community. There are three typical situations where an association may feel the need to evict a resident. The first situation occurs after an association has initiated and completed a judicial foreclosure andGo to Resource
Many believe that associations are not required to pay taxes because they are non-profit corporations. However, in most cases, that is not accurate. In order for an association to be exempt from taxes, it must qualify as a tax-exempt entity under Section 501(c)(3) or (4) of the Internal Revenue Code. Section 501(c)(3) of the InternalGo to Resource