Unfortunately, the many good things going on in community associations rarely make the news. Can you imagine a story about a community association that has a good clear budget, solid reserves, and a well maintained common area? As we all know, that story line does not sell. To the con…Read more →
What types of documents should your Board have? What documents need to be disclosed? What should be included in meeting minutes?
Doug Shumway of Vial Fotheringham presented the following document at our August Homeowner Round Table: HOA Records
The Illinois Supreme Court has upheld an HOA’s right to pull over members who are speeding in the Association and to issue speeding tickets. The HOA in question had its own security force who drove vehicles with flashing lights and utilized radar guns. They were authorized in the …Read more →
We are often asked the question, “Due to lack of participation on the board, we’d like to amend our documents so that future board members receive compensation. What are potential problems with this scenario? Is it advisable to do this? Does this affect our D&O insurance…Read more →
Neighborhood watch groups can make sense for a condo or homeowners association (HOA) community that shares both amenities and a common goal of protecting property values. While they are intended as a risk management tool, watch groups can actually create more issues if volunteers go b…Read more →
Benjamin Franklin said, “The only things certain in life are death and taxes.” If Mr. Franklin were alive today and living in a community association, I am confident that he would add amending an association’s governing documents to his list of life’s certainties. It's not…Read more →
This is the article where we give you out in internetland, the opportunity to choose the topics.
Q:Our Treasurer does not find value in his bookkeeping duties. As a result, our board is several months behind in receiving financial statements and month-end reports. The board is …Read more →