Nov 15, 2023 | Associations, Insurance, Law, Q&A, Residents
Q: My condominium association is in the process of renewing its insurance policies and our insurance agent advised that we needed a fidelity bond policy with a higher limit for the coming year because of the insurance proceeds the association received following...
Jan 4, 2023 | Q&A, Residents
The U.S. Small Business Administration (“SBA”) has announced that it is waiving the interest rate for the first year on new loans and deferring loan re-payments for 12 months. Therefore, SBA loan borrowers will not be required to make principal payments or interest...
Dec 19, 2022 | Meetings, Q&A, Residents, Rules Regulations
Q: I understand that if the board of directors posts notice for a meeting, and a majority of board members are there, that is a board meeting. However, what if a board just holds a workshop to discuss certain items and to get input, but no vote is taken. What is that,...
Dec 13, 2022 | Meetings, Q&A, Residents, Rules Regulations
Assessment payments are the life blood of every community association, and the recovery of delinquent assessments is the primary goal for every community association. However, many associations, and their management companies, refuse to accept direct payment from...
Dec 8, 2022 | Meetings, Q&A, Residents, Rules Regulations
Before the 2020 pandemic, annual membership meetings were a time for owners to get together and discuss community issues while anxiously awaiting for election ballots to be counted. However, COVID-19 changed the manner in which association meetings were held. With...
