We have all been to one of those meetings – the ones where the association is facing a controversial issue with strong emotions on each side. The board and manager are usually anxious about how to handle the meeting, the competing arguments, and the emotions in the room. This can be a difficult role forGo to Resource
Newsletter
Compounding interest, late fees, and processing fees can sometimes lead to claims that the association has violated state and federal usury laws. Usury laws apply only to loans, and homeowners association assessments are not considered loans. Generally, usury laws should not apply to homeowners association late fees. However, some courts have disagreed with this positionGo to Resource
Question: A condominium unit tests high for radon. The radon report shows that the radon has entered into the unit through the concrete floor; therefore, the owner asks the association to mitigate it. Is the association responsible for mitigating radon found in the unit? Answer: Typically, the association would not be responsible for mitigating radonGo to Resource
Unhappy employees might be thinking high turnover rates are the sign of miserable work conditions. Salespeople might be thinking low turnover in sales is a sign of inefficiency. Broncos fans might be thinking three turnovers in the first quarter is a sign of….well, not sure how to finish that sentence. I, on the other hand,Go to Resource
Have you ever been confronted with a situation where an owner who owns two adjacent units wants to merge the units together, or a situation where two owners want to reallocate their unit boundaries? If so, Section 212 of CCIOA provides guidance with respect to this process if your declaration is silent. Keep in mindGo to Resource