Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via e-mail) A: In last week’s column, I answered parts of this question by explaining the differences between operating […]
For more episodes of Take It To The Board, click here! A rooftop can be a power plant or a battleground. In this week’s Take It To The Board episode, we tackle a central question: should homeowners be able to use solar power without running into resistance from their own community associations? […]
The federal government has reopened following a 43-day government shutdown – the longest in U.S. history. The deal to reopen Washington extends funding for most of the federal government through January 30 while fully funding Congress, the Departments of Agriculture and Veterans Affairs, the FDA, and military construction projects through […]
Q: Can you explain how a condominium association’s budget is made and presented? What is the difference between operating expenses and reserves? What are straight-line and pooled methods for reserves? (J.D., via e-mail) A: A condominium budget is a formal, forward-looking financial plan that estimates the association’s revenues and expenditures […]
Welcome to the November edition of Becker’s Community Association newsletter. Our Community Association Practice Group is dedicated to keeping boards, managers, and homeowners informed on the legal and practical issues impacting communities across New Jersey. In this issue, we highlight a key legislative update to the Structural Integrity and […]
