Whether it be an unexpected repair or an insurance deductible, homeowners associations are more commonly turning to lenders for community association loans. This is especially true for condominium associations who may be facing large insurance deductibles related to hail damage. Loans for the Payment of Insurance Deductibles Over the last several years there have beenGo to Resource
Newsletter
Let’s face it: insurance is confusing, messy, and most of us don’t want to read 200 + pages of insurance documents for each of our communities. For this reason, associations rely heavily on their insurance agents to ensure their communities have the coverages they need. But did you know there are also legal nuances whenGo to Resource
Creation of committees is one of the tools boards can use to help manage their duties and involve the community members in the management of the association. Committees, if properly created and managed, can be extremely valuable to boards and the overall wellbeing of an association. Committees allow boards to delegate authority and obtain assistanceGo to Resource
The last phone call an Association or its manager wants to receive is a call where the owner says “I have a water leak.” However, these calls happen and the Association must be prepared to efficiently and effectively deal with the situation. While leaks occur in all types of communities, single family, townhome, and condominium,Go to Resource
To camera or not to camera, that is the question. While not necessarily worthy of Shakespeare, it gets the point across. Is it better to install monitoring cameras and understand what is happening in the community or to turn a blind eye, but also assume no liability or a duty to prevent the acts ofGo to Resource