When your homeowners association took control of your community from the developer, a lot of paperwork came with that. Some of the paperwork undoubtedly included a number of warranties. Since then, you have probably collected warranties for a range of products and services your association has purchased. But be honest: How familiar are you with them? It’s likely that you and your fellow board members haven’t really paid much attention to your warranties—unless something has broken down. However, not knowing what your warranties cover—and even more importantly, what you are required to do to maintain that protection—can hurt your association. Read the article…………
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