Tag Archives: associations

I Really Don’t Like My Neighbor’s Tenants: Issues With The Use And Enforceability Of Rental Restrictions In Homeowners’ Associations

Allen Trask, Ward and SmithIt is an all too common situation, especially in coastal communities, mountain retreats, and college towns:  You bought a home in a planned community that has a homeowners' association with thoughts of being able to enjoy a quiet, family-oriented neighborhood.  Then you find that...
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Covenant Enforcement Made Easy

Enforcing covenants of an association is one of the most difficult jobs a board of directors must embark upon, while at the same time being one of the most critical functions of the board. Most declarations of common interest communities specifically state that the purpose of the association is to protect and enhance property...

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Associations Using CPA’s: Is it Really Necessary?

Although homeowner associations are created as nonprofit corporations, this does not mean the associations do not engage in financial transactions or require the services of a certified public accountant (CPA). For example, it is common for an association’s governing documents to require a financial audit or review on an annual basis, and associations are required to file tax returns every year. Further examples of situations in which it may be beneficial to consult a CPA include:

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