When a Board or Property Manager sends a Unit Owner to its attorneys for collection, the Board or Property Manager should refer ALL communications from the Unit Owner relative to the debt, including the request for any pay off, to the attorney.  Discussion by the Property Manager or Board with the Unit Owner almost always leads to problems.
Continue Reading Collections – Reconciliation of Unit Owner Ledgers and Conversations with Unit Owners

The Board of Directors of a condominium association has a fiduciary duty to make sure that all owners pay their dues and assessments. It is important that associations develop a collection policy and follow it consistently, as a collection policy of doing nothing could be a breach of a board’s fiduciary duty. Having knowledgeable and

Does your Association have governance policies in place?  Here are just some of the policies we have seen:

  • Alternative Dispute Resolution Policy
  • American Flag Policy
  • Assessment Increase Limitations Policy
  • Budgets and Reserves Policy
  • Collections Policy
  • Fair Housing Policy
  • Insurance and Risk Management Policy

Continue Reading Governance Policies – Why Does Our Association Need Them?