Category: Operations
A Cautionary Tax Tale for Homeowner Associations
Imagine, if you will, that you are a board member of a homeowner association, where all common elements are owned by the association. One day ...
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Ohio Flag Bill Now Law
In a flurry of activity at the end of the 2-year cycle for the 131st Ohio General Assembly, Governor Kasich signed 17 bills into law, ...
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Open Board Meetings are not required by Ohio Law, but may be required under the Organizational Documents
Homeowners elect board members at the annual meeting, who are then responsible for making comprehensive business decisions for the association, such as setting the annual ...
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FHA Has Issued New Owner Occupancy Requirements for Condominiums
As explained in a recent Kaman Report, in July 2016, President Obama signed into law H.R. 3700, the “Housing Opportunity through Modernization Act of 2016.” ...
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Budget Approval Motion NOT Needed at Owners’ Meeting
As community associations hold their annual meetings, boards should be reminded that for most associations, owners do NOT need to approve the treasurer’s report or ...
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What is a Land Contract Anyway?
A land contract (or “land installment contract”) is a contract between a seller (often referred to as the “vendor”) and buyer (“vendee”) of real property ...
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Absentee Ballot Voting
A common misconception about community association annual meetings is that owners may vote to elect board members prior to the annual meeting using an absentee ...
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New Law Makes Changes to FHA Condominium Approval Process
Unless a condominium association is certified by FHA, lenders may not offer borrowers FHA-insured mortgages. In 2009, FHA implemented a number of changes to the ...
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K&C Helps Condominium Win Municipal Approval For Erosion Plan
Recently, Kaman & Cusimano successfully assisted a client with winning municipal approval for financing a major erosion plan. The Cleveland Plain Dealer reported on the ...
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Summer Time Rules!
It is that time of year again in Ohio! The warm weather entices everyone to go outside and enjoy all of summer’s possibilities. With the ...
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