There are several universal best practices I find myself repeating over and over in discussions with managers and Board Members. The following are the top 10 points that I suggest all Boards consider. As you are navigating delinquent balances, keep the following pointers in mind: 10. Don’t throw good money after bad. Most of theGo to Newsletter
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Has your community ever been accused of discriminating? Or perhaps someone even brought discrimination charges against your association? Unfortunately, discrimination accusations are easily flung these days and no association is immune. What can associations to do to protect themselves? Perhaps the most crucial step you can take is to arm yourself with knowledge. Knowledge ofGo to Newsletter
Special assessments are commonly used to pay for unexpected repairs and replacements occasioned by unforeseen, and often catastrophic events, such as a roof replacement after a wind/hailstorm where insurance proceeds are insufficient to cover the costs, or to pay for an elevator replacement when a condominium building’s only elevator unexpectedly fails. Once you have decidedGo to Newsletter
Many boards struggle with the question of whether or not to amend their governing documents. Below are some standalone reasons to amend certain governing documents in order to protect your community, property values, and the volunteers who serve on the board. Articles of Incorporation Limit Liability of Directors The Colorado Revised Nonprofit Corporations Act (“NonprofitGo to Newsletter
Although we deal with terms like “directors” and “officers” quite often, many do not understand the difference between the two terms and qualifications to serve in such positions. This article will focus on explaining the difference between these two positions as well as explaining director and officer qualifications. Directors The word “director” is synonymous withGo to Newsletter