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Hidden Damage – Life, Death, and Legislation?

/ Owner - July 8, 2021

When we first wrote on this topic twenty years ago, hidden damage—a cancer that can severely affect buildings but remain out of sight for decades—was primarily an economic problem. Community Associations found themselves deep in debt when the cost of repair of accumulated, but hidden, rot, corrosion, and other water damage, greatly exceeded cash reserves. Sometimes this damage was known but ignored, or “deferred,” by Boards of Directors to keep owner expenses low. Frequently, however, the damage is unknown, has been for decades, and only after other work or a failure reveals its presence are the owners presented with a shocking repair cost.     Read the entire article……………………………….

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