Preparing for and overseeing a homeowner association’s finances are perhaps the most important board responsibilities. It takes money and careful planning to maintain and preserve common area property. One of the best forecasting tools is a “reserve study” is needed to identify common element components, their useful lives and cost of repair or replacement. Unlike the weather, this is one forecast that actually happens pretty much as predicted. Reserve plans cover a 30 year projection period so that roofs, decks, fences and other long lived and expensive components can be included. They analyze several aspects of the components:
The High Court of Sabah and Sarawak here on Tuesday settled a lawsuit claim over…
Enumerate, the leading provider of community association management software and payments solutions, is excited to…
It meant that, continuing Thursday and on into this week, contested issues regarding the north…
In an effort to reverse what some Palmetto Bluff residents see as an overreach by…
The primary allure of social media in community associations lies in its ability to foster…
Effective governance is the backbone of any community association. The board of directors plays a…