New Hampshire Condo & HOA News
- Embezzlement uncovered at Dunvegan Woods: Condo board alleges late manager stole $200K (NH) September 24, 2024Condo owners at Dunvegan Woods are reeling after learning the late president of their association allegedly embezzled hundreds of thousands of dollars, leaving the complex with only a few thousand dollars in the bank…..According to a letter sent in mid-September to Dunvegan condominium owners by the board of directors, following the death of long-time association president and property manager Gary Simard, the board “discovered serious financial irregularities in the books.” Read the article…………………………….
- Overnight fire damages 2 condo units in Derry, NH August 27, 2024An overnight fire damaged two condominium units in Derry, New Hampshire. Derry firefighters responded to a reported fire in a row of townhouses on Tsienneto Road around 1:30 a.m. Tuesday. The flames had reportedly extended into the walls. Read the article…………………………….
- Concord Firefighters Sent To Fire At Morning Star Condominium (NH) July 20, 2024Concord fire and rescue teams, as well as police, were sent to the Morning Star Condominium complex on Loudon Road Saturday morning for a fire. Capital Region Fire Dispatch reported alarms from the complex just before 10:45 a.m. When they arrived, they found smoke in the area and later reported it was coming from the third floor Read the article…………………………….
- Condo Column: The misplaced transparency (NH) June 20, 2024So, this could be a problem. In 2021 the federal government amended the Anti-Terrorism Act in 2020 by adding to it the Corporate Transparency Act, also known as the CTA. The intent was and is to stop money laundering. But its effect has spread to condominium associations, a strange place to think money launderers might be working. Let me explain. Read the article…………………………….
- Condo Column: Something to think about (NH) June 8, 2024While many owners have large condominium units, say something around or above 1,000 square feet, many owners have much smaller ones, as little as 200-400 square feet. In such places, space is at a premium, and that leads the issue of ventless dryers. Read the article…………………………….
- Condo Column: The monkey lost (NH) May 8, 2024All too often attorneys only tell others about the cases they win. This column is about one I recently lost……The developer constructed two of three commercial buildings and then disappeared for fourteen years before coming back to try and construct the third building. There were two problems with what he wanted to do, I pointed out to the trial court. Read the article…………………………….
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New Hampshire Condo & HOA Articles
- The Role of the Board President: Your Community’s Chief AdministratorJust as a ship cannot steer without its captain, a board cannot function effectively without its president. Serving as the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA board. The president’s leadership is essential for fostering collaboration and aligning the board’s decisions with the community’s needs and goals. Read the article…………………………….
- Essential Pre-Winter Maintenance for Buildings & HOAs: Battening Down the HatchesAs autumn sets in and we savor the crisp air and vibrant foliage, it is time for co-ops, condos, and HOAs to focus on the essential maintenance tasks that can help protect their properties during the winter months. Winter, especially in regions like New England, can be harsh and unpredictable. Proper planning now not only helps maintain the safety and comfort of residents, but also prevents costly repairs down the road. Read the article…………………………….
- Managing Aging Residents: Adapting to Changing NeedsHomeownership is a long-term commitment for most. In the context of a multifamily community like a condo or co-op, it’s not unusual for many owners and shareholders in the building to have purchased their units around the same time in early adulthood or middle age, raised their families there, and stayed put after the kids have launched. In cases where aging-in-place senior residents make up a majority of the building or HOA’s population the property becomes what’s known as a ...
- Fiduciary Duty Explained: One for All – Not All for OnAs members of co-op corporations and condominium associations, we often hear the term fiduciary duty bandied about. But what does it really mean to be a fiduciary? Stated simply, the term ‘fiduciary’ means trust. When a person managing the finances or property of another person or group is acting as a fiduciary, that means they must act in the best interest of the person or group, rather than themselves. And it’s not just a matter of ethics—fiduciary duty is a ...
- Amending Bylaws and House Rules: When & WhyA community’s governing documents, including its bylaws and house rules, are like a country’s constitution and laws. They are—or at least they should be—‘living’ documents that like our state and national laws and constitution, occasionally need review and amendment in order to remain relevant, meaningful, and respected. The question is how often, and how much? Read the article…………………………….
- Multifamily Energy Conservation Tips: From Audits to LEDsEnergy efficiency and reducing emissions has become a hot topic (no pun intended) in recent years across New England, with more and more gadgets and devices coming on the market specifically designed to use less energy and save money. Saving energy does a lot more than just reduce your building’s carbon footprint and toxic emissions—and everybody likes the saving money part. Read the article…………………………….
- Climate Change vs. Multifamily HVAC Systems: Hotter Summers, Wetter Winters Demand AdaptationThe impacts of climate change are vast and interrelated. While natural factors like solar variations, the planet’s orbital shifts, and volcanic eruptions occur cyclically and have nothing to do with people, human activity adds significantly to greenhouse gas emissions. According to the United States Environmental Protection Agency (EPA), these influences have driven average winter temperatures across the United States up by almost three degrees since 1896, which may not seem like much over time, but has led to more frequent ...
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