An HOA receives an engineer’s report warning that a retaining wall on the property is on the brink of failure. The board, focused on other issues and keeping dues low, decides to put the report on the back burner. After all, the wall looks fine from a distance, right? Fast forward a few months, and a heavy rainstorm triggers a collapse, flooding several units. The HOA now faces costly damage claims, lawsuits, and increased insurance premiums. The expert report, neglected due to budget concerns, becomes a major liability. Read the article…………………………….
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