[Read more…] about So I understand our Offering Plan implies the condominium is responsible to repair any water damage due to a structural leak in the roof or siding. How long after a leak is the condo responsible? Six months? Twelve months? We have owners who file reports for leaks that happened in 2017.
[Read more…] about I just saw our association’s budget and was surprised to see the huge amount budgeted for Legal Expense. We could probably hire two full-time attorneys for what is budgeted. Is there a formula for figuring out what appropriate annual legal expenses should be based on an association’s size and overall budget? The amount my community plans to spend seems excessive.
[Read more…] about Our small HOA’s paid bookkeeper is also the Treasurer of the Board. There is no requirement for a second signature on checks. He does all the bookkeeping, writes the checks, reports to the board and to the members with virtually no oversight. We do not have an annual audit. No-one checks the bank account. That said, we trust him implicitly. Is this arrangement advisable?
[Read more…] about In a Cooperative the Propriety Lease allows the Board of Directors to adopt House Rules. If there is no reference to fines or any other monetary issues regarding same may the Board institute a range of fines for House Rules that shareholders have not corrected after a warning letter. What about if in BY-Laws?
QUESTION: My building has a common room that is used daily by people playing cards, mah jongg, etc., and I do believe people who don’t live in the building participate in some of these games. We recently allowed a resident to have a meeting in the room as well. Afterward, another resident requested use of the room for a meeting that would possibly have a few people who don’t live in the building. They asked for an application. I denied this person’s request to use the room, and informed the individual that the association attorney was in the process of writing rules for the room’s use, and the board did not want residents using it for meetings about issues the board does not approve of. Prior to this, for a few years, this individual’s wife was on a committee, and a few weeks after this incident, the board president met with her to tell her that her committee was no longer needed and was being eliminated. That same week, the board president organized a group to do the same activity the individual’s wife’s committee was doing. The couple has sent us a formal letter stating they feel singled-out by the board, and discriminated against. Do we have an issue?
[Read more…] about My building…I denied this person’s request to use the room, and informed the individual that the association attorney was in the process of writing rules for the room’s use, and the board did not want residents using it for meetings about issues the board does not approve of…