Resources Archive - Page 65 of 76 - Altitude Community Law

Key Provisions Associations Should Have In Every Contract

Posted September 23, 2011

“A verbal contract isn’t worth the paper it’s written on.” So states Samuel Goldwyn, in Goldwyn’s Law of Contracts. What he didn’t say is that even a written contract, without key provisions, could be every bit as worthless as a verbal one. The following are some key provisions that every contract should have: Parties’ Names.Go to Resource

E-mail Communications Are Fast, Convenient, and Possibly Dangerous

Filed Under Governance, Misc

Posted September 23, 2011

Technology has changed the way we communicate and the way we think about communicating. Cell phones, have become not just an addition but an appendage. No one, it seems, leaves their home (or office) without one. And does anyone even remember a time when e-mail didn’t exist, or when we didn’t devote a large (andGo to Resource

Special Assessments, Reserve Funds, Reserve Studies, Oh My!

Filed Under Financial

Posted September 23, 2011

Hypothetical: Owner lives in a decades old association. Owner consistently pays assessments in a timely manner. Owner’s association needs to make a major renovation to replace siding and repair wood structures, which will cost the association approximately two million dollars. The association does not have an adequately funded reserve fund and a special assessment isGo to Resource

Private Transfer Fees: Which Side Are You On?

Filed Under Governance, Misc

Posted September 23, 2011

A private transfer fee (“PTF”) — also known as a reconveyance fee instrument — is a financial instrument where a developer adds to a covenant, a deed, or home purchase contract requiring a percentage of a home’s sale price (usually 1%) be paid every time the property is sold, typically for 99 years. To viewGo to Resource

License Plate Traces

Filed Under Governance, Misc

Posted September 23, 2011

Did you know the Colorado Department of Motor Vehicles (DMV) provides a way to obtain an individual’s personal information with a license plate trace? The information may only be accessed for specific reasons, but the process does exist and can be helpful to community associations. In order to conduct this search the requesting person mustGo to Resource

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