New laws change condo association management (NH)
This is Part II of legislative changes to the Condominium Act that went into effect Aug. 1. The caveat is many of the actions boards and associations have been taking now must be explicitly in the bylaws (not even in the declaration) or any actions taken, such as elections, assessments and approval of projects, can be successfully challenged leading to chaos at associations. Read the article…………..
A recent bankruptcy case illustrates how bankruptcy affects condominium or homeowner’s association assessments. The Bankruptcy Court for the Southern District
Many homeowners are unhappy about the management of and/or by their community associations: They don’t give me financials on time.