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
Newsletters
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
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
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
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