Tag Archives: consider

Penny Wise and Pound Foolish

During this tough economy, associations are looking for ways to trim expenses; but opting out of insurance coverage is not a prudent choice.  In my opinion, even the smallest homeowners’ association needs insurance coverage.  If an HOA owns any property, then there is a risk that a resident, visitor or guest could be injured or hurt on that property.  Insurance claims are rare, but it is too risky to consider going without coverage.

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How to Revise Your HOA’s Rules

So what do you and your homeowners association board of directors need to know about revising rules? When do you need to consult with owners, and when can you just go forward without notice? And even if your state law or governing documents don’t require you to provide notice, do you need to consider the message you’re sending when you revise rule…

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The Benefits of Having a Reserve Study

As budget season approaches, many associations are focusing on their reserve stud-ies for two reasons only; one, it is required, either by state statutes or governing documents, and two, to make sure that the reserve assessment fits within the de-sired overall budget of the association.

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