collection policy

Unit Fire Increases Association Insurance Premiums

What happens when a fire caused within a condominium unit destroys that unit, some common area, and damages other units? It becomes an expensive situation for the association.  Even though insurance should pay for all of the damages, the association’s insurance premiums going forward could increase dramatically.  This is exactly what happened to a small condominium

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Collections – Reconciliation of Unit Owner Ledgers and Conversations with Unit Owners

When a Board or Property Manager sends a Unit Owner to its attorneys for collection, the Board or Property Manager should refer ALL communications from the Unit Owner relative to the debt, including the request for any pay off, to the attorney.  Discussion by the Property Manager or Board with the Unit Owner almost always

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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

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When an Association Owns a Unit – Recouping Delinquent Assessments Through Unit Rental/Sales

A condominium association in Milwaukee has historically faced heavy delinquency issues. Through The Condominium & HOA Law Team’s assertive collection methods, the firm collected more than $290,000 in assessments, interest and legal fees for the association since 2013. A substantial portion of the $290,000 resulted from the sale and/or rental of 10 units that became

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Know What is in Your Documents—The Board Might Not Have the Authority You Think it Does…

The Board of Directors always has the power to make and amend Rules and Regulations on its own, without owner approval…right? Wrong.  The Board’s rule-making power and authority completely depends upon what authority is given by the Declaration and Bylaws, and as we know, all associations’ Declarations and Bylaws are different!  This is true in

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Association Academy: Your Rules, Robert’s NEW Rules and Court Rules Relating to Fines

Please join the Condominium & HOA Law Team on February 5, 2021, as we outline the NEW 2020 Robert’s Rules, how parliamentary procedure should be used to run meetings more efficiently, some case examples of fine issues that arise and how to solve them, some basic collection reminders relating to death, trusts and mortgages and

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