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As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Q&A Q&A: Autumn Pool Time
2021 October Q&A: Autumn Pool Time

Q. Does the law state that all apartment pools must close on Labor Day weekend, or is it just a guide? Can the tenants use the area around the pool for BBQs, etc., or are there legal restrictions?              —Not Wanting Summer to End …

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2021 October Q&A: Rules, Rules, Rules

Q. What is the difference between HOA rules and CCRs?                  —Not Looking for Creedence A.   “In the world of community associations, CCR stands for covenants, conditions, and restrictions,” says attorney Scott K. Penick of t…

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2021 October Q&A: Board Member Makeup

Q. In New Jersey, is it okay for a condo association with five or fewer units to have the unit owners act as the board of directors?                             —Seeking Clarification A. “It is assumed from your question that the cond…

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Finance The Bidding Process
2021 October The Bidding Process

One truism of home ownership is that there is always something that needs to be fixed or upgraded. That’s true in condo and co-op communities as well, both large and small. There’s always a roof to replace or a boiler to upgrade, or a lobby…

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Management Glass jar full of Cannabis Sativa for sale at a market stall.
2021 October Coping with Legal Cannabis

With the advent of legislation legalizing marijuana for both medical and recreational purposes in a number of U.S. states, many co-op and condo communities are now faced with a new quality-of-life issue. Apartment living is of course very d…

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Real Estate Trends Fire Safety Plans
2021 October Fire Safety Plans

When a crisis hits a multifamily community—or any other organization—the difference between a good outcome and a disastrous one is often a matter of simple preparedness. Residential communities in particular need to have a plan in case of a…

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