Newsletters

Dipping Into Reserves

Filed Under Financial

Posted March 1, 2012

The Problem – The Unbudgeted Expense: Everything seems to be growing except the coffers: boards are faced with mounting operational expenses and increased delinquencies, without the same matched growth in revenue. And, unfortunately, not all expenses are planned – emergencies will come up. For example, if there is a big snow storm and the associationGo to Resource

CCIOA Corner – Alterations of Units

Filed Under Amending Your Governing Documents, Enforcement and Fines, Governance, Litigation

Posted February 1, 2012

If your community’s declaration is silent as to interior alterations of units, did you know that Section 211(a) of CCIOA authorizes owners to make improvements or alterations to their units without seeking board approval? Specifically, Section 211(a) authorizes owners in post-CCIOA communities (communities created after July 1, 1992) to make improvements and alterations inside theirGo to Resource

Meeting Moment – Handling Arguments

Filed Under Governance, Meetings / Action Without Meetings

Posted February 1, 2012

One of the most unpleasant things that can happen during an annual homeowner meeting is an argument between two or more passionate and unhappy owners. When owners start arguing with each other, particularly when they start making unpleasant personal statements about each other, a meeting can quickly spiral out of control. As meeting chair, youGo to Resource

How the CCIOA Budget Process Works

Filed Under Governance, Misc

Posted February 1, 2012

As we are in the middle of annual meeting season for many communities, it may be helpful to review the budgeting process that you are required to follow. Budgeting is the process of reviewing your association’s anticipated income and establishing planned expenditures for the upcoming year. The process results in the preparation of a proposedGo to Resource

Questions to Ask Prior to Proceeding with a Receivership Action

Filed Under Collections, Litigation

Posted February 1, 2012

Given the state of today’s economy, Associations are facing increased delinquencies. Proceeding with a lawsuit after an owner has failed to respond to the attorney’s thirty-day demand letter is not always the best option. For example, the property may be owned by an entity such as an LLC, which may be difficult to collect from. Go to Resource

Newsletters

Keep In Touch

Keep In Touch

Schedule a Consultation