Can It Wait? Balancing Projects That Must be Done and Projects to Put on Hold
Now that the economy is looking better and heading back toward solvency, building administrators are more inclined to spend money on maintenance projects that they may have been putting off in years past. Of course, many community associations are still feeling the financial burden that has come about over the last few years due to increased operating costs, residents in arrears, defaults, and now repair costs in the wake of Superstorm Sandy, so they are considering the best ways to prioritize (or de-prioritize) certain maintenance/repair projects over others. Read the article……….
Serving as a volunteer director is hard enough, but it often is made more difficult by directors themselves. The problem
The topic of “reserves” in community associations is one which can be confusing. Chapters 718 (governing condominiums), 719 (governing cooperatives)