“Stip” is common slang for “Stipulation.” A “Stipulation” is a legal term that generally identifies a written document that sets forth the agreed upon terms and conditions of a settlement between two parties to a lawsuit. In the realm of community association collection actions, that generally means a settlement between the delinquent owner and theGo to Resource
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Generally, usury laws should not apply to homeowners association late fees. However, some courts have not agreed. Usury laws apply only to loans and homeowners association assessments are not considered loans. However, homeowners and/or their attorneys occasionally attempt to argue that an association’s interest and late fees are usurious. In order to fully protect anGo to Resource
Earlier this year, the Metro Denver Economic Development Corporation (an affiliate of the Metro Denver Chamber of Commerce) presented the 2010 Economic Forecast for Metro Denver, and it was not all bad news! Briefly stated, the EDC suggested that Metro Denver has the necessary fundamentals to bounce back from this economic recession. For example, DenverGo to Resource
Associations have legal responsibilities under the governing documents and through common law to take reasonable steps to exercise reasonable care to protect against dangers of which the Association actually knew or should have known. There are several common sense risk management strategies associations can take to minimize the chance of a personal injury claim byGo to Resource
There has been much conversation in recent years, and considerably more in recent months, about the association’s limited priority lien, or “superlien.” What was it intended to be, what is it, and where is it going? What was it intended to be? The superlien was created in order to protect associations against loss of assessmentsGo to Resource