There could also be state laws that mean homeowners associations will be dissolved if they are not renewed. If this law exists in your state and your association is poorly managed, the critical task of officially restoring the association might have been forgotten. You will be fortunate if this...
For example, if the covenants state that each household may have no more than two domestic animals, the board could not enact a pet policy that allows more than that. If a board is seeking to adopt a rule that conflicts with governing documents, then those documents must be amended...
New Reserve Requirements for NJ Shared Interest Communities An Interview with Michael S. Simone In response to the 2021 Surfside Condominium tragedy in Florida, many states and municipalities have adopted, are consid… Finance 2024 Summer Financial Literacy for Board Members ...
Depending on your state, you may be limited in how you can deposit and withdraw funds at a particular online casino. This is why it’s important to check the law in your area before signing up for an account. Many online casinos offer a wide variety of real money games, including slots...
Understand the Inspection Requirements Sign up for an Inspection!TOP Professional Engineers &Architectsare here to help with compliance of SB-4D Florida passed several laws to keep Condo building's safer in the state, by requiring specific inspections and funding mechanisms. ...
New Reserve Requirements for NJ Shared Interest Communities An Interview with Michael S. Simone In response to the 2021 Surfside Condominium tragedy in Florida, many states and municipalities have adopted, are consid… Finance 2024 Summer Financial Literacy for Board Members ...
The notice to the owner must (i) be delivered to the owner by email, to the email address that the owner provides to the board or the association; (ii) state the time and date of the meeting; (iii) state the location of the meeting; and (iv) if a board member may participate by...
1. Laws regarding Reserve Funding Levels, Reserve Studies, and Reserve Contributions differ by state. Reserve Study Laws and Reserve Funding Legislation vary by state. In the absence of specific legislation regarding Reserve Funding, associations should refer to their governing documents (Covenants Condit...
The documents will spell out any particular limitations or requirements for a specific HOA, although board members must also ensure they are obeying relevant federal and state statutes. Because boards are elected annually, they may function most effectively when they do not attempt to plan too far...
HOA fees also often contribute to the association’s reserve fund which is set aside for major renovation projects or emergency use. In addition to regular fees, HOAs can also impose special assessments on homeowners when the association lacks sufficient reserves to pay for unexpected repairs on co...