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HOA Reserves Generally Within Board’s Discretion

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Question: The board of directors of my homeowners’ association has decided to “roll over” the surplus funds from our 2013 budget into a non-statutory pooled reserve account. Last year they overstated the amount necessary for …

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Condo Insurance Requirements

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Question: What is the new law concerning condo air-conditioners? Is there a new law?

Answer: The association’s insurance policy must include coverage for the HVAC system – the air conditioning units, compressors, thermostats, duct …

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Q&A: Collecting Rent from Tenants (revisited)

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Many readers have posted questions regarding the ability to collect rent from tenants.

It is important to remember that in all of the cases reported previously on this blog, the Court only appointed a blanket receiver to collect …

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Q&A: Condo Receivers; Collecting Rent from Tenants

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Subscribers recently posed interesting questions concerning the information in Condo Receivers Help Collect Assessments  such as the following:

 Does the Blank receivership work for HOA’s as well?

How would the association/manager/board find out …

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Condominium Education Providers

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A reader recently posed the following question:

In preparation of next years election of board members, where or how do I find a division approved education provider?  How will the new member become aware of the educational …

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Q&A: Is Membership in your HOA required by Statute?

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A blog reader recently posed a question containing the following statement:

           We are a HOA of 8000 parcels, and we do not have Statutory required membership or developer reserves.

Membership (mandatory or voluntary) in …

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Board Talking About Switching Over to “Pooled” Reserves

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Question: Our board of directors has been talking about switching over to “pooled” reserves. Can you explain what this means?

L.A. (via e-mail) Answer: The concept of funding condominium reserves …

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Management Company / Resident Conflict of Interest?

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Q&A: The owner of the management company is also a resident/property owner in our community. Some of us feel that this creates a conflict of interest. What is your opinion on this?

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Cleaning Up Property Not As Easy As It Looks

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Our homeowner’s association is considering taking on the task of fixing abandoned properties to preserve property values and to make the community more attractive to potential buyers.

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