Q: My condominium association has one owner who is a malcontent. He is always objecting to everything the Board tries to do and his constant vocal complaining has caused the Board much stress. Two of the Directors resigned as a result of this disgruntled owner. Is this a proper basis […]
Q: Can a condominium association board vote to convert from straight-line reserves to pooled reserves without a membership vote? R.F. via e-mail A: “Cash flow” funding of condominium reserves, often referred to as the “pooling” method of reserve funding, is a concept that was introduced many years ago through an […]
Recent updates to the laws and regulations governing association operations are making an impact. In this issue we aim to provide you with the necessary tools and information to move your association forward into the New Year. As of July 1, 2018, condominium associations must now maintain records of their […]
Fear not! We’ve got nothing here to scare you. Rather than something spooky on Halloween, we’re aiming for items that are helpful to clarify or ease the board member or management responsibilities you have for your community. So yes, it’s a treat! Our first article, Term Limit Law Continues to […]
Q: I heard there was a new law that punished condominium associations who failed to timely provide a copy of the annual financial report. Is this true? What are the penalties? S.U. via e-mail A: You are referring to a recently revised provision within the Condominium Act which became effective […]
