Mistakes happen. It’s a simple fact of life and a simple fact of doing business. That’s why issues of insurance are so important for condominium managers and boards to take seriously. While it is easy enough to keep up to date on one’s o…
Mold—it’s an ugly four-letter word in more ways than one. Nobody wants to think about the fact that this fungus can be found anywhere where water leaks or drainage problems are present. Mold can cause serious damage to a co-op or condom…
Since 2000, New Jersey has experienced five federally declared disasters due to flooding. Hurricane Ivan crashed ashore in July 2004 and quickly became a category five hurricane. New Jersey residents were hit with intense rains, causin…
Q “I am on our condo board. We have a problem with a previous condo board member who maintains that any rules (not bylaw changes) must be enforced by subsequent boards and can never be adjusted or changed. When the former board membe…
Q “With the huge growth of condo and co-op units in New Jersey, it is long overdue for municipalities to form advisory committees to better serve those communities with input on the special needs of condo, co-op owners and renters. …
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?” –Parcel Poster A “The bylaws of the condominium association …
Known for its quaint Victorian cottages and pristine beaches, Cape May, New Jersey has been a seaside destination for generations. In fact, it is widely recognized as the oldest seaside resort in the country. Wealthy Northeasterners an…
The concept of "condominium living" has changed quite a bit since the term was first coined a generation ago. Since the 1960s and ‘70s, when condominium home ownership became a widely available, viable alternative to single-fa…
Given recent headlines, condominium, cooperative and homeowner associations could be forgiven for thinking they need to put an armed guard and razor wire around the petty cash box. A wave of fraud appears to be hitting properties from …
Management of a condominium community is much like the democratic government of a small town. The budget process is remarkably similar, whether it’s fees or taxes being collected, and, as in local government, financial management is a t…