the Association may, by rule, adopt a procedure for conspicuously posting the meeting notice and the agenda on the Association’s website or an application that can be downloaded on a mobile device for at least the minimum period of time for which a notice of a meeting is also required...
The governing documents required the board of directors to adopt the association’s budget, to determine the owners’ assessment to meet that budget and to give the owners a fourteen day notice of the meeting at which the budget would be considered. In responding to the complaint, Berg argued...
Budgets take time for any Condo and HOA Community, each year many of the services paid for by these associations come under review at budget season. While its nice to think about cost savings we feel it is much more important to look at workmanship, licensing, scope of work and then Costs...
Goldstein says managing agents can also adversely impact insurance rates or coverage if they are deemed negligent. This is especially important when looking at directors and officers liability insurance, a notice of occurrence policy. “A management company arguably has both a contractual and fiduciary ...
In Illinois, an association board must meet at least four times each year, according to Michael Delrahim, a partner with Chicago-based law firm Brown, Udell, Pomerantz & Delrahim, LTD. “Notice of every board meeting must be posted in entryways, elevators or other conspicuous places in the...
According to a report issued by the Treasury Department, the Democrat’s proposed fiscal year 2025 budget would see a 44% rise in the top marginal rate on long-term capital gains and qualified dividends. This would be frightening to many real estate investors in Florida,California, New York ...
Assist in the preparation of the annual maintenance budget. Attend Board of Supervisor meetings when requested – implement the policies of the Board Additional duties as directed by the Board The District Counsel’s responsibilities include:
s available. But those that utilize an independent consultant – someone neutral with a fresh set of eyes – tend to end up with a more robust plan, with richer detail. And it’s mostly a one-time expense; typically I’ll tell boards to allocate a few dollars in the budget every few...