Category: Association Operations

Insurance Protecting Your Valuable Amenities
2011 August Protecting Your Valuable Amenities

 Most homeowners love the idea of having a swimming pool, athletic court or  health club as part of their association's grounds because it adds value to  their property and it gives them something fun to do throughout the year. But  HOAs t…

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Insurance Not Your Grandfather's Policy
2011 August Not Your Grandfather's Policy

 Recent developments, both legislative and environmental, have led to  considerable changes in the New England insurance marketplace. And such  changes, as managers know, often lead to added paperwork, confusing  requirements, and tricky l…

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Insurance The Sky is Falling!
2011 August The Sky is Falling!

 New Englanders got a taste recently of Mother Nature’s wrath when a series of tornadoes touched down in Springfield, Massachusetts  and surrounding areas, leaving devastation and death in their wake.    While devastating tornadoes …

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Insurance An Ounce of Protection
2011 August An Ounce of Protection

 It sits quietly in your condo association’s insurance package, unremarkable next to the fire, flood and other forms of  mayhem that make insurance policies necessary fixtures in association budgets.    Looking at the file labeled “…

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Finance Q&A: Can We Deduct Common Charges for Repairs?
2011 July Q&A: Can We Deduct Common Charges for Repairs?

  Q: If there is damage to my roof and it leaks into my condominium  unit and I reported it to the board three times with no repairs made, can I  repair it myself and deduct the cost from my common charges? Please advise ASAP. Your atte…

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Finance Q&A: Proxy Dilemma
2011 July Q&A: Proxy Dilemma

 Proxy Dilemma Q Two weeks prior to our annual condo election, the unit owners receive their  proxies in the mail. However, a board member who was up for re-election  obtained a proxy from the manager two weeks earlier than all the…

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Finance Treasuring the Role
2011 July Treasuring the Role

Of all the members of a condominium’s board, the treasurer is in a unique position to uphold the fiduciary  responsibility of the association, similar to that of a chief financial officer  in the corporate world.    Basically, the t…

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Finance Ahead of the Line
2011 July Ahead of the Line

In most states, community associations have no special status when a unit owner  stops paying maintenance fees. But one by one, states have been adopting a  priority lien, or “super lien” provision into law, to give condominium association…

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Finance Sturbridge, Massachusetts
2011 July Sturbridge, Massachusetts

All roads lead to Sturbridge, Massachusetts—or so it seems.    A thriving community with colonial roots, Sturbridge stands at the crossroads of  New England. U.S. Route 20 runs through the center of town, and the junction of  Inters…

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Finance The Changing of the Guard
2011 July The Changing of the Guard

Most of the time, a condo association or co-op building and its management  company enjoy a mutually beneficial partnership—the management company and the individual agents try their best to serve their  clients, and their client communiti…

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