Resident Wins Preston Tower Lawsuit; HOA Responsible for Damages (TX)

The case came about after a catastrophic flood in the building resulting from a blown water booster pump on the penthouse level that sent water cascading throughout the building.  It was decided by the HOA and their management company that the costs to repair damages to individual units was to be passed on to individual’s homeowner’s policies instead of making a large claim against the building’s blanket insurance policy. Court documents show an email from the building’s insurance company to the HOA board and Intercity Investments suggesting the move to avoid paying the building’s $25,000 deductible.   Read the article…………


Related Articles

Grissom (IN) redefined

Twenty years ago, the massive 300-acre subdivision that’s now known as The Estates at Eagle’s Pointe was nearly a ghost

Real estate Q&A: Vacant board seat could cost all owners

Q: We live in a small condominium. We are having a problem with getting anyone interested in filling a seat

A silver lining for Silver Lake? (PA)

They’ve reworded the lake community’s bylaws, researched how to write emergency action plans and monitored when the water rises after