Tough economic times often force tough economic decisions for apartment and homeowner associations. Board members, eager to trim expenses, will often look to insurance policies for ways to decrease coverage and lower premiums. Too often associations have claims denied because the coverage they once had was dropped due to budget concerns. Also, many association boards [...]
The bills still have to be paid, recession be damned! Yet too often condo associations straddle the line between collection and having their late fee charges deemed unreasonable in an attempt to collect late association fees or other property-related bills. Associations are allowed to charge reasonable late fees. But the definition of reasonable, and the [...]
When does your association make an exception to the restricted building or property access regulations? When the government is doing the asking. Once again, the government is ramping up efforts to tally the country’s population. With the 2010 census about to get underway, the US Census Bureau is asking apartment and condo associations to help [...]
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