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…
Lakewood Township is a diverse community with a rich history, a growing population, and a wide array of attractions and amenities. Located in Ocean County, the township's accessibility to major urban centers has attracted residents who…
Ah, summertime. It’s a great time for property managers to kick back and relax -- except for that out-of-control grill fire on the deck of unit 31 that nearly spread to adjacent units; that ornery 13-year-old who broke his finger during…
As recent events in the financial and insurance sectors of our economy have painfully demonstrated, oversight and accountability are vital components in any healthy business relationship -- and that holds true whether you’re talking abo…