No matter what the profession or position, it’s difficult to work where you live. For condo and HOA board members, that can certainly be the case. These volunteers must make decisions that impact not only the bottom line, but their frie…
Though often responsible for millions of dollars in property and charged with the oversight of complex building functions, few co-op/condo board members are real estate professionals. Board members are resident volunteers who come from …
Most condo and HOA residents understand that there is a board protecting the interests of their community and individual owners—they’ve probably taken part in numerous board elections, served on committees or volunteered on behalf of th…
Unlike individual apartment owners’ insurance coverage, most co-ops, condos, and HOAs’ insurance policies are pretty standard—they include homeowners’ insurance, liability, and umbrella coverage. Usually, a building’s common areas—such as…
The economic crisis has affected many individuals, businesses and markets—the real estate and job markets, to name just two particularly nasty examples. Until now, one of the few industries that didn’t seem as deeply impacted was the ins…
Q “We have an owner in our condominium association who is several months behind in his fees. He currently has a tenant in his unit. The association pays the bill for his water, sewage, pool and other amenities. Do we as an associatio…
Q About 25 of the single-family homes in our 55+ community, purchased within the past three years, back up to a two-lane public road on the perimeter of the community. When owners purchased their residences, the land across that road…
Q My question concerns board members who are also real estate agents. How common is this? What must other board members watch out for to ensure that the board member/real estate agent doesn't cross the line and have a conflict of in…
In the last two years, Fannie Mae has amended it guidelines for selling and serving mortgages on condominiums, cooperatives, and planned unit developments three times. Why should service providers, cooperative corporations and community…
If you’re looking for a lush patch of green in New Jersey, you’re in luck: the Garden State is so named because of the multitude of flora- and fauna-filled havens to choose from when you’re looking for an escape. But one garden…