Late Fees and Delinquency in a Condo Association
One constant challenge in Condo Associations is the issue of delinquency and debt collection. Homeowner’s Association or Condo Association fees, also called “general assessments,” are the financial lifeblood of your Association. While you may have alternate revenue streams, general assessments make up the bulk of your cash flow in. Without money, you can’t invest in reserves or carry out maintenance. This makes the issue of late fees and delinquency in a Condo Association extremely important. Read the article…………..
HOA’s Settlement with Trayvon Martin Family Illustrates Liability Issues Involving Neighborhood Watch Programs
Last year I participated in a discussion with an Associated Press reporter and wrote about a central Florida community association’s
One of the most important responsibilities of a property or condominium association board of directors is protecting the association’s funds.
A recent front page article in The Washington Post on the financial problems many aging condominiums in the Washington area