When board members find themselves faced with a conflict of interest, it can derail an entire association – that’s why it’s so important for board members to nip these types of problems in the bud before trouble begins.
To tell or not to tell about the bedbugs nearby
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
I am trying to sell my condominium unit and have just learned that some of our units have bedbugs. Obviously, this is a real concern. Do I have to disclose this information to prospective buyers? I want to be honest, but I also want to sell and don’t want to scare people away.
NV: Injunction Lawsuit Against Cosmopolitan Demands Disclosure of Flood Hazard
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
On behalf of two condominium purchasers at the Cosmopolitan Resort and Casino in Las Vegas (now named the Cosmopolitan of Las Vegas), a complaint for preliminary and permanent injunction will be filed today demanding that the Cosmopolitan disclose potential flooding hazards and liabilities associated with the underground parking and foundation of the property.