Association Alert – Community Association Law Blog
Can Community Associations hold a 50/50 raffle or bingo night to make money for the Association?
Community associations often look for creative ways to fund social events, amenities, or community improvements. Board members sometimes suggest hosting a 50/50 raffle or bingo ...
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Volunteers Deserve Protection Too – What Steps should the Association Take to Protect Board Members?
Community associations play a vital role in managing and maintaining common property, safeguarding the community’s financial investments, and fostering a strong sense of unity among homeowners. Their effectiveness, however, ...
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Experience Committees Create Joy and Functionality – Does Your Association Have One?
In recent years, a number of associations that we represent have created experience committees for their owners whose goal is to make living in the association more exciting and ...
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Did Fannie Mae Just Update its Condominium Lending Guidelines Again?
Maintaining mortgage eligibility is one of the most important aspects of protecting property values. If your condominium association wants to keep units eligible for Fannie Mae financing, which ...
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Are Reverse Mortgages a Hidden Risk for Your Association?
Reverse mortgages allow homeowners aged 62 and older to convert home equity into cash without monthly payments. While this can be a financial lifeline for seniors, it ...
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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 values within the community. Essential services including landscaping, snow removal, ...
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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 of carefully reviewing your purchase and sale documents as well ...
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