Community Associations have an obligation to enforce their governing documents. However, that obligation does not extend to policing, mediating, or resolving disputes between owners, without a corresponding covenant violation. Associations have an obligation to all owners of the community to do what is in the best interest of all owners, […]
Category: Publication
Incidental Damage Clauses
There are times when an association must damage a unit or units in order to maintain or repair the common elements. For example, if repairs must be made to a common element water trunk pipe, an association may have to access the pipe by tearing though some portion of a […]
So You Want to Be a Real Estate Agent
During my 26 years practicing real estate law, and with over ten thousand real estate closings under my belt, I have seen my share of real estate agents. Some great. Others, not so much. The great ones, however, all share the same traits, and, in my opinion, it is these […]
Q: How can a condominium “material change” be approved? Who approves it, the board or the property owners? If several items are being altered, must each item be listed separately or can it be a single vote lumped together as one? (A.J., via e-mail) A: The voting required for material […]
The problems small companies have in obtaining growth capital are well known. The resources of founders and family and friends are typically limited. Venture capital (VC) and private equity (PE) firms are a resource for only a few such companies. Angels can sometimes provide limited funding but again only for […]