Newsletters

Understanding Homeowner Association Insurance

Posted December 23, 2020

MASTER POLICY Master policies are a form of property and liability insurance carried by associations that the members pay for as part of their assessments. Master policies typically cover common elements in a community as well as portions of units at times. State laws pertaining to condominiums and most project legal documents creating condominiums requireGo to Resource

By Jeffrey Smith

Evictions in the Time of COVID

Filed Under Coronavirus, Manager Resources

Posted December 1, 2020

From time to time associations are forced to make a difficult decision of whether to evict a resident from a residence in the community. There are three typical situations where an association may feel the need to evict a resident. The first situation occurs after an association has initiated and completed a judicial foreclosure andGo to Resource

By Elina Gilbert

HO HO HO!!! ARE YOU READY FOR TAX SEASON?

Filed Under Financial, Manager Resources

Posted December 1, 2020

Many believe that associations are not required to pay taxes because they are non-profit corporations. However, in most cases, that is not accurate. In order for an association to be exempt from taxes, it must qualify as a tax-exempt entity under Section 501(c)(3) or (4) of the Internal Revenue Code. Section 501(c)(3) of the InternalGo to Resource

By Maris Davies

Written Ballot or Proxy, What’s the Difference?

Filed Under Coronavirus, FAQs, Manager Resources

Posted November 2, 2020

With annual meeting season upon us, along with the restrictions and complications attributable to the COVID-19 pandemic, and the need for associations to continue to conduct business, it is a fair assumption that many boards, managers, and homeowner are trying to figure out ways to take action without being physically present at a meeting. Go to Resource

By Elina Gilbert

MAINTENANCE AND INSURANCE CHARTS: IS YOUR COMMUNITY USING ONE?

Filed Under Maintenance & Insurance, Insurance, Manager Resources

Posted November 2, 2020

An association’s maintenance and insurance obligations are typically set forth in its governing documents, and ideally should be contained in the declaration of covenants, conditions, and restrictions. Although one might expect that a board member, manager, or homeowner would be able to read their communities’ governing documents and find answers to questions concerning their maintenanceGo to Resource

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