Resources Archive - Page 66 of 77 - Altitude Community Law

Media Checklist

Posted September 23, 2011

Questions to ask when preparing for a media opportunity. Who will be our spokesperson and respond to the media? Board or committee members are often the most effective spokespeople for your association. Whoever is the spokesperson should be knowledgeable, easily available and willing to keep all stakeholders (board members, manager and attorney if appropriate) inGo to Resource

Key Provisions Associations Should Have In Every Contract

Filed Under Samples, Forms, Checklists

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

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