This past weekend, the Cleveland Plain Dealer ran a front page story on condominium sales in Ohio. Stagnant condo sales often have a negative impact on the association and the surrounding condominium community. In response, Ohio’s community association boards have been working tirelessly to preserve their community’s property values and community spirit. Reporting on these […]
Associations Left Empty-Handed After Foreclosure Read More »
Associations that border Lake Erie and other bodies of water have often wondered where along the lakefront the Association’s property ends and the public’s property begins. Recently, The Ohio 11th District Court of Appeals in the case of State ex rel Marrill v. ODNR (Case # 2008-L-007) helped to answer that question. The Plaintiffs, a
Court Clarifies Lakefront Land Ownership Read More »
While it takes a judge to invalidate an election, generally owners may recall a board. Recently, we attended an annual meeting with a very close election. Nine candidates were nominated to fill four positions. While all the proper election procedures were followed, several of the candidates were unaware of their ability to solicit proxies from
It Takes a Judge to Invalidate an Election Read More »
As many of Ohio’s condominium and homeowner associations face many financial challenges, there has been one indirect source of relief: federal bailouts. The positive effect this generates has been noticed by many local communities, and now the press. The following is an excerpt of an article published in the Columbus Daily Reporter on 8/10/2009: Homeowners Associations Indirectly
Associations Benefit from Bailouts Read More »
Kaman & Cusimano, LLC was recently hired by a condominium association in Delaware, Ohio. The association owners had validly elected its five (5) member Board of Directors. However, each Director was currently serving in an “at-large” capacity, meaning the Board had no elected officers. Ohio Revised Code Section 5311.08 governs Ohio condominium associations. This law
Every Board Needs Officers! Read More »
Our Firm was recently hired by an association in Westerville, and another inDayton, Ohio. Both associations were under the impression that they had enacted valid and legally binding amendments to their Declarations. TheWesterville association thought they enacted a “no-leasing” amendment. TheDayton association was under the impression that they had properly reduced their quorum requirement of their annual meeting to
Amendments MUST be Recorded to be Valid Read More »
As discussed in our recent seminar entitled “The Financial Crisis – What Every Board Member Needs to Know,” the FDIC Insurance limit on bank accounts was increased from $100,000 to $250,000. This increased limit was set to expire on December 31, 2009. However, the FDIC recently extended the higher insurance limit of $250,000 through December
$250,000 FDIC Insurance Limit Extended Read More »
On Sunday, July 5, 2009 the Columbus Dispatch ran a feature story reporting on the Ohio Super Lien. That story, which reported on the progress of getting this legislation passed, can be viewed by clicking the following link: Columbus Dispatch Super Lien Article We will keep you updated on this blog with further status updates
Super Lien Article in Columbus Dispatch Read More »
Most Community Association governing documents prohibit exterior modifications, including the placement of banners, flags, and signs. However, as pointed out in Chapter 1 of Kaman & Cusimano LLC’s booklet, “A Guide for Board Members,” there is a hierarchy of laws and in several instances there are federal and state laws that supersede and overrule Community
Don’t Rain on Owners’ Patriotic Parade Read More »
In today’s Wall Street Journal, there is a report that two Congressmen are calling on Fannie Mae and Freddie Mac “to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing market recovery.” Freddie Mac and Fannie May will no longer guarantee mortgage
Wall Street Journal Reports on Possible Changes to Condo Loans Read More »
