Board Operations Understanding Fiduciary Duty
2012 October Understanding Fiduciary Duty

 Being elected to the board of a co-op or a condo comes with a great deal of  power, and with that power also comes a great deal of responsibility. Whether  they serve a co-op or condo community, trustees and board members, in their  posit…

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Board Operations When Good Things Happen
2012 October When Good Things Happen

 This past year, many condominium associations enjoyed a double dose of good  fortune: a milder winter with less snow removal and salting, resulting in a  little extra money left in the coffers by spring. The question then becomes:  What t…

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Board Operations Boards Underwater
2012 October Boards Underwater

 Fallout and repercussions from the unprecedented bust in the real estate and  mortgage industries are still dogging condo associations all over the country.    Within community associations, owners continue to default on both fees …

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Board Operations Getting Ahead of the Curve
2012 October Getting Ahead of the Curve

 Board members and trustees are volunteers with many responsibilities. They  devote time to their association, act as a governing body for the condo and  have the powers to control what is permitted to take place and not take place.  It’s …

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Q&A: Amending our Declaration
2012 September Q&A: Amending our Declaration

Q What options are available for amending our condominium declaration? Our condominium association has often recommended and even voted in favor of making amendments to the declaration but these are not followed through on. The general…

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Q&A: Renter's Rights
2012 September Q&A: Renter's Rights

Q We currently have a renter that was sneaked in by the owner. What is the proper way of addressing this and what are our legal rights? Can there be fines made to the owner? How can the unscreened renter be removed? —Illegal Subl…

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Finance The Nuclear Option
2012 September The Nuclear Option

 The great majority of co-op and condo residents pay their monthly maintenance  fees on time and in full with no problem. People do fall behind on payments  sometimes, of course — a temporary cash flow issue or other short-term financial h…

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Board Operations Board Members for Life
2012 September Board Members for Life

It is one of life’s eternal questions: is it possible to have too much of a good thing? That question certainly can apply to the matter of long-serving board members, those individuals who get elected and re-elected term after term. And…

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Management Under New Management
2012 September Under New Management

For the most part, people are afraid of change, and that’s why they are more likely to stick with what they have and what they know, rather than explore new possibilities. That’s definitely the case with condo communities in re…

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Maintenance The Ice Squad
2012 September The Ice Squad

 Two winters ago, the Massachusetts Supreme Judicial Court overturned 125 years  of legal precedent and announced a new rule of law, making property owners  legally responsible for the removal of snow and ice from their property.  (Papadop…

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