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Q&A Q&A: Proper Notice of Meetings
2010 July Q&A: Proper Notice of Meetings

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 …

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Finance Cape May, New Jersey
2010 July Cape May, New Jersey

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…

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Finance "Other-miniums"
2010 July "Other-miniums"

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…

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Finance Stop, Thief!
2010 July Stop, Thief!

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 …

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Finance Deciphering Your Building's Finances
2010 July Deciphering Your Building's Finances

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…

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Finance Squeeze Play Affects Condos and Lenders
2010 July Squeeze Play Affects Condos and Lenders

Tighter lending requirements for Federal Housing Administration (FHA)-backed condo mortgages have put financial and administrative pressure on HOAs all over the country at a time when many are ill prepared for any new challenges. …

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Finance Overlooked Savings
2010 July Overlooked Savings

As annual and quarterly budgets come up for review, HOAs across the state are looking to cut costs anywhere and everywhere they can. But how much more “fat” can be trimmed from budgets that already look stripped to the bone? Happily, th…

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Q&A Q&A: Non-Shareholders on the Board?
2010 June Q&A: Non-Shareholders on the Board?

Q A resident, married to a shareholder, wants to run for the board. She is not on the purchase agreement. Can she legally become a member of the board if she is not a legal owner of shares in the co-op? --Not Above Board …

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Q&A Q&A: Presidential Proxies
2010 June Q&A: Presidential Proxies

Q Our annual board elections are coming up in our condo. The current president has mailed proxies to owners indicating he would vote on their behalf and included information that stated "the proxy-holder will cast votes as he/she de…

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Q&A Q&A: Giving Power to Dear Old Dad?
2010 June Q&A: Giving Power to Dear Old Dad?

Q We have a small condominium complex of 25 townhouses. One home is owned by the son of the resident. The son does not live in the home. He has given his father a note allowing him to act on his behalf, as owner of the property. Does…

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