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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Recent blog Posts

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What Happens If Your Annual Meeting Lacks Quorum?

Annual meetings are the cornerstone of association governance. They are where owners elect board members, review ...
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2026 Resolutions to Help Your Board Build a Stronger, Better-Run Community

As 2026 begins, community association managers and board members have a valuable opportunity to reset expectations and ...
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L.H. Hipshire v. Oakwood Village: Why Ohio’s Supreme Court Dog Bite Case Matters for Community Associations?

The Ohio Supreme Court is currently weighing a case, which may have significant implications for condominium and homeowner ...
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How is the Use of Employees, Contractors, and Volunteers Impacting Association Liability?

For community associations, engaging the use of employees, independent contractors, or volunteers each present their own unique advantages and liabilities. Understanding these ...
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