Saving money is always a top concern of any association board, but with tough economic times and high fuel prices, saving on energy costs can be a challenge that requires some tough choices. Since 1999, New Jersey businesses a…
Board members and association managers have a lot on their plates—maintenance issues, resident complaints, construction projects, and the hundred little tasks that make up the administration and upkeep of a multifamily residential build…
Q The board was advised by one of the owners that we must mail all the minutes of each directors' meeting to all the owners. Is this correct? —Law-Abiding Citizen A “The bylaws of the condominium associat…
Q We have a security system at our clubhouse consisting of cameras and recording equipment. Recently we had some expensive television equipment stolen. Management informed us that the security system was not running/recording. The eq…
Q Our co-op has a question about our various insurance policies. Our insurance agent has recommended to the board that we keep our D&O coverage separate from our general liability coverage. I understand that some commercial general l…
Q Can a condo board legally prohibit any political activity by its residents? Most condo documents say that “the association shall not engage in any political activity.” The board usually interprets it to mean that there shall be no p…
Most people wouldn't buy a home without an attorney, or start a business without an accountant. In the same way those professionals assist with complex legal and financial processes, a civil engineer trained in the specific field of de…
Sometimes, just getting two people to agree on what to have for dinner or what movie to see on a Saturday night can seem like an overwhelming task. Now imagine trying to get five, seven or nine people to make million-dollar decisions t…
Co-op and condo board members are usually volunteers who give of their time and expertise to help make sure their building or HOA is well-run and their investment protected. In a perfect world, new board members are architecture graduat…
For any condominium or community association, there are certain types of insurance that HOAs cannot live without. Generally those include: property, liability, umbrella, D&O (with employment practices liability (EPL) insurance embedded …