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If your association holds title to common areas and facilities there’s a possibility they may be taxed twice. You may be surprised to learn that small mistakes in the original subdivision process can go unnoticed for years! Here’s what you and your tax accountant can do about it. Your association attorney may be interested in this publication, too.
Read this article to determine if your community should consider imposing restrictions on renting homes in your community. Get a sample Board of Directors Resolution to deal with rental properties.
Community Associations help retain and improve the standard of living and property values within a community. While all owners sometimes wish that a particular restriction did not apply to them, most are grateful that the restrictions apply to their neighbors. In some cases their neighbor may not own the home; but have leased the home.
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The USA Patriot Act has changed the financial industry and had an impact on community associations’ investments. This updated GAP explains what associations need to know to comply with new regulations. The revised text also addresses changes made by the AICPA that affect association’s auditing and reporting procedures.
Reserves are essential to the successful operation of a community association—not just an extra expense. This guide contains everything you need to know to establish the right funds and invest them responsibly. A new appendix contains dozens of frequently asked questions. Also contains a summary of reserve fund laws state-by-state.
Here are a few suggestions regarding the creation of rules and a fine policy for your homeowners association.
The Association reserves the right to make and enforce such other reasonable rules and regulations as in its judgment may be deemed necessary or advisable from time to time to promote the safety, care and cleanliness of the premises and for the preservation of good order therein. It is understood and agreed between the Association and the Owner/Occupant that no assent or consent to changes in, or waiver of any part of this indenture, in spirit or letter, shall be deemed or taken as made, except the same be done in writing and endorsed hereon by the Association. Association reserves the right to alter, amend or modify these rules and regulations and also to promulgate new and additional rules and regulations at any time and in such event such altered, modified, amended or new rules and regulations shall become a part hereof and shall have the same force and effect and be binding upon the Owner/Occupant to the same extend as if incorporated herein at the time of execution of this document.
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Manage risk by using a five-step decision-making process and implement a risk-management program by engaging in four key activities. Find out when and to whom it’s appropriate to delegate risk-management tasks. Learn why insurance alone isn’t enough to control risk. Addresses the growing risks for community associations in the Internet age, and how to integrate reserves and risk management programs.
Taken from Managing the Florida Condominium, William D. Clark. Publication 80886, Release 13 April 2006. Chapter 8, Section 8.1408
- Approved by the LPCA Board of Directors, September 9, 2006
| I. BOARD AND COMMITTEE MEETINGS | ||
| A. Board and Committee Meetings | ||
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Whether you are a homeowner, real estate investor, or community association professional, this guide will help you provide a solid introduction to community association living to your tenants, prevent communication breakdowns that lead to problems and give tenants a stake in the community. Chapters include specific, hands-on steps for the board, the manager and the owner, as well as a section on short-term leasing.
Model documents include sample amendments and resolutions, leasing agreements and addenda and a tenant information form.
Learn where to find an Association rights, obligations, responsibility, rules and limits of authority. The governing documents include Plats, Surveys, Articles of Incorporation, By-Laws, Covenants-Conditions-Restrictions (CCRs) and other documents.
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How Community Associations Maintain Common Areas
A good landscape maintenance program is essential to the health and longevity of a community’s trees, turf, and shrubs—and its aesthetic value. This concise guide explains how to develop that maintenance program and lists specific practices to apply to trees, turf, and shrubs. Find out how to hire the right contractors and how to delegate to a landscape committee.
Includes a grounds maintenance checklist, sample lawn care calendar, sample landscape specifications, and advice for repairing damaged turf. Lists the advantages and disadvantages of staff maintenance and contractor maintenance. Discusses soil conditions, aeration, watering, pruning, fertilization, mulching, disease and pest treatment, and weed control.
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