Jan 4, 2023 | Q&A, Residents
The U.S. Small Business Administration (“SBA”) has announced that it is waiving the interest rate for the first year on new loans and deferring loan re-payments for 12 months. Therefore, SBA loan borrowers will not be required to make principal payments or interest...
Dec 19, 2022 | Meetings, Q&A, Residents, Rules Regulations
Q: I understand that if the board of directors posts notice for a meeting, and a majority of board members are there, that is a board meeting. However, what if a board just holds a workshop to discuss certain items and to get input, but no vote is taken. What is that,...
Dec 13, 2022 | Meetings, Q&A, Residents, Rules Regulations
Assessment payments are the life blood of every community association, and the recovery of delinquent assessments is the primary goal for every community association. However, many associations, and their management companies, refuse to accept direct payment from...
Dec 8, 2022 | Meetings, Q&A, Residents, Rules Regulations
Before the 2020 pandemic, annual membership meetings were a time for owners to get together and discuss community issues while anxiously awaiting for election ballots to be counted. However, COVID-19 changed the manner in which association meetings were held. With...
Dec 5, 2022 | Meetings, Q&A, Residents, Rules Regulations
Q: I understand that the board of directors of my condominium association has the authority to levy special assessments. However, is there any requirement on when special assessments must be due? Does the association have to allow at least 30 days or more before the...
