It’s time to start getting ready for the holidays and other year-end celebrations! This issue of CUP explores some common issues that associations are facing and discusses best practices to start the new year off right. Whether you’re struggling with Florida’s condo crisis, need help understanding the Corporate Transparency Act, or dealing with random meeting musings, we’ve got something for you.
Delinquent assessments and collections are areas fraught with frustration for community associations. K. Joy Mattingly explains the importance of providing proper notice before proceeding with collections in “The Owner’s Account Is Already in Collections – Why Do I Have to Send a New Notice of Late Assessment for a New Special Assessment?”
When a condominium association is seeking to obtain a loan, too often, the board signs the Bank’s commitment letter before having that document reviewed by legal counsel. Mark D. Friedman highlights the problematic provisions in a bank’s commitment letter and how these common issues can be avoided in “Bank Commitment Letter Pitfalls for Condominiums.”
Special assessments are becoming more and more common in community associations. How can your community association avoid the possibility of delinquencies in payment of the special assessments? K. Joy Mattingly has all the answers in “The Three Key Elements of Properly Noticing a Special Assessment Meeting.”
Understanding the liability for unpaid assessments when a condominium association takes title through foreclosure is at the heart of THIS CASE. Joseph Markovich emphasizes why associations should carefully evaluate the legal implications of taking title to delinquent properties in “THIS CASE: Aventura Management, LLC v. Spiaggia Ocean Condominium Association, Inc.”