Category: Association Operations

Finance Transfer Fees or Resale Contributions
2005 Jul Transfer Fees or Resale Contributions

In New York City, many co-ops and condos use a practice called a "flip tax" in order to boost building revenue. A flip tax is a fee paid either by the purchaser or seller that goes back to the co-op or condo each time an apartment is sol…

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Finance Money-Making Opportunities for HOAs
2005 Jul Money-Making Opportunities for HOAs

It's a profound story of how reserve funds can go seriously awry—within months of buying an apartment in a new New York City building, David and all his new neighbors were informed that they would have to contribute out-of-pocket to help…

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Recreation Managing HOA Swimming Pools
2005 May Managing HOA Swimming Pools

With summer fast approaching, no other amenity in a residential community is enjoyed more than the community swimming pool. From the community's perspective, a swimming pool can add to the value of the residences and attract prospective …

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Recreation Maintaining Paved Recreation Surfaces
2005 May Maintaining Paved Recreation Surfaces

Recreation spaces such as tennis courts or basketball courts are always a welcome addition to any community, and the community associations that already possess these amenities understand the value they represent to homeowners. Though it…

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Recreation Establishing Good Community Programming
2005 May Establishing Good Community Programming

There was a time when everyone knew their neighbors and you could trust letting your kids out in the neighborhood. There was a strong sense of community, and neighbors looked out for each other. But over the past few decades, people have…

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Recreation Keeping Rules Fair and Legal
2005 May Keeping Rules Fair and Legal

Consider this scenario: You just found the perfect home for your family—equipped with beautifully manicured lawns and a great community of people. Unfortunately, the association bylaws state that your children can't play hockey with thei…

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Recreation Maintaining HOA Playgrounds
2005 May Maintaining HOA Playgrounds

The sound of children playing outside is one of the many joys of the warm weather months. Playgrounds are a place where parents and guardians can relax while kids get some exercise and burn off energy before a nap. Playgrounds can also c…

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Insurance Finding the Right D&O Insurance
2005 Apr Finding the Right D&O Insurance

By now, you have already heard about the "dramatic" changes in the Directors & Officers insurance marketplace. You have also most likely heard about the increasing number of lawsuits against directors and officers, and why associations t…

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Maintenance Brightening Up Suburban Landscapes
2005 Apr Brightening Up Suburban Landscapes

In a suburban community, outdoor lighting is an important part of any good overall security plan. A well-planned lighting scheme may deter intruders and also prevent falls and accidents by tenants and visitors. Outdoor lighting can also …

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Maintenance Repainting and Power Washing
2005 Apr Repainting and Power Washing

For any residential development, dirt, extreme weather conditions, and everyday wear-and-tear can play havoc with even the most durable building materials, such as stone or steel. Those same elements take an even greater toll on painted …

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