Resources Archive - Page 59 of 80 - Altitude Community Law

CCIOA Corner—Surplus Funds

Filed Under Governance, Misc

Posted January 3, 2012

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

Meeting Moment – What’s In Your Bylaws You Need to Know?

Filed Under Governance, Meetings / Action Without Meetings

Posted January 3, 2012

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

Is An HOA Obligated To Pay the Mortgage on a Property It Foreclosed On?

Filed Under Collections, Foreclosure, Litigation

Posted January 3, 2012

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

Policies, Procedures, Rules, Regulations, and Resolutions: What’s the Difference??

Filed Under Amending Your Governing Documents, Governance

Posted January 3, 2012

You’ve, no doubt, heard the terms “resolutions, policies, rules, and regulations” used many times in the industry. But have you ever wondered what all these different terms mean and whether there is a difference in which term you use? Despite popular belief, there are subtle differences in these terms outlined in the checklist below. AsGo to Resource

CCIOA Corner – When Does an Association Legally Come Into Existence?

Filed Under Governance, Misc

Posted December 1, 2011

Have you ever wondered when an association legally comes into existence? Is it when the first home is built, or is it when the development plan is approved by the County? The correct answer is neither. According to Section 201 of CCIOA, a common interest community legally comes into existence when the declaration and platGo to Resource

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