Customers Able to ‘Sell’ Energy Produced by Solar Panels back to Gainesville Regional Utilities for next Twenty Years.
No More Mr. Nice Guy
The best way to get members to comply with the governing documents of an Association is to have a clear cut policy for enforcement. The policy will permit proper follow through and will serve to deter future violations.
Q&A: Condo Receivers; Collecting Rent from Tenants
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 …
Condo Receiver Helps Collect Assessments
Court Rules in Favor of Use Blanket Receiver to Collect Rental Income When Investment Owners Fail to Satisfy Financial Obligations to Association. The Miami Herald and Sun-Sentinel both reported that the Third …
Does the Association Need a Building Permit?
Does the association need a building permit? On very rare occasions will a building permit not be required. When in doubt, the Association should assume that a permit must be obtained.
Incidental Damages, Who Pays?
Certainly, if the association is negligent in performing its maintenance and such negligence causes damage to the owner’s unit or personal property, the association is liable for the damage. But, what about situations where the association must cut into unit ceilings, floors or walls to repair common element pipes? The resulting damage is not the result of negligence in these instances. But is it fair for the unit owners to pay for the repairs when they had nothing to do with causing the damage?
Protect the Association’s Funds from Fraud or Theft
Community Association Boards of Directors Must Safeguard Association Funds.
Recent Arrests and Reported Losses Demonstrate Lack of Financial Oversight.
Community Associations simply cannot function without …
Are E-mails, Instant Messages (IM), & Twitter Transcripts “official” records of the Association? (Round 2)
E-mails from members of the Board to Association employees are considered official records and must be maintained whether on paper or electronically to ensure compliance with the Florida Condominium Act.
Bankruptcy An Option for Financially Distressed Condos and HOAs
At Least Five Community Associations in Florida have filed for Bankruptcy Protection and Relief.
Reorganization through Bankruptcy Allows Communities to Restructure Obligations and Reduce Debt.
FHA Approval Huge Factor in Marketability of Units
HUD Implements New Approval Process for Condominium Projects to Qualify for FHA Insured Mortgages.
Website Allows Users to Search for FHA Approved Projects.
On June 12th the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2009-19 announcing the new process for approval of condominium projects. As previously reported on this Blog, Fannie Mae, a federally backed lender, announced several changes to its standards, including the imposition of PERS review.