by Jonathan Szabo | Oct 24, 2017 | Board of Directors, Finances
A homeowners association’s reserve funds are established to cover various line items representing the different components within the association’s common area for which the reserve funds are being accumulated. Although the goal is to have the funds required for the...
by Lawrence Szabo, Esq. | Oct 24, 2017 | Board of Directors, Finances
A homeowners association’s reserve funds are established to cover various line items representing the different components within the association’s common area for which the reserve funds are being accumulated. Although the goal is to have the funds required for the...
by Lawrence Szabo, Esq. | Aug 23, 2017 | Finances
It is commonplace for homeowners associations to find themselves in a position of needing to raise money for various reasons such as making costly unanticipated repairs or for making desired capital improvements. This need can result from unexpected occurrences such...
by Lawrence Szabo, Esq. | Jul 10, 2017 | Finances
Individuals make housing discrimination claims under state and federal laws based on several different theories including overt discrimination and failure to make a reasonable accommodation when merited due to a disability. An “aggrieved person” (a person who...
by Lawrence Szabo, Esq. | Jun 22, 2017 | Finances
By nature, homeowners associations are particularly vulnerable to being financially damaged by errors that are made by the volunteer members and property managers who perform various functions for the association, and by deliberate acts of fraud and embezzlement. To...
by Lawrence Szabo, Esq. | Jun 9, 2017 | Finances
State laws and/or association governing documents typically mandate that associations prepare a reserve study for funding the future replacement of major components such as roofs, streets, and exterior paint. The reserve study provides a current estimate of the costs...
