Navigating Community Association Construction Agreements with Contractors for Renovation and Remodeling Projects

/ Owner - February 17, 2021

Construction agreements can often be some of the most costly expenses that condominium associations and homeowner associations (HOAs) will ever review and consider for approval regarding their common element projects. However, many associations neglect to retain legal counsel who has the expertise needed to draft and implement the most effective terms and agreements. Instead, Boards of Directors focus mostly on securing competitive bids, as most associations are required to do so for projects exceeding a certain percentage of their total annual budget. It is important for community organizations to negotiate and resolve every aspect of their agreement with a general contractor so that no surprises occur later.   Read the article………………………………

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