Condominium Collections: Why Foreclosure is the Best Option

The Board of Directors of a condominium association has a fiduciary duty to make sure that all owners pay their dues and assessments. It is important that associations develop a collection policy and follow it consistently, as a collection policy of doing nothing could be a breach of a board’s fiduciary duty. Having knowledgeable and experienced legal counsel is an integral part of any condominium association collection policy – it makes a difference.

 

 

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What is a reasonable late fee for delinquent community association assessments?

Community associations depend upon the timely payment of assessments to maintain operations and protect property ...
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Owner to Owner Dispute – Lessons in Property Transactions

Owner to Owner Dispute – Over a Driveway Easement and Boat Slips:  A recent case perfectly illustrated the importance ...
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What Should Every Board, Owner, and Manager Know About Amendments?

If you serve on a condominium board, manage an HOA, or own property in a ...
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Winter Weather Reminders for Community Associations

As we deal with extreme winter weather, community association boards are dealing with challenges that come with snow, ice, ...
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