Self-managed communities large and small can save a considerable amount of money by eschewing third-party management and handling their day-to-day business in-house. This means the board must assume the tasks and responsibilities that commu…
Within any community, there will be disagreements. In shared interest communities, unfortunately those disagreements can sometimes lead to litigation. That litigation can take many forms: shareholder or owner vs. co-op or condominium, or v…
What’s a board to do when a shareholder or unit owner consistently fails to hold up their end of the agreements—both spoken and unspoken—that underpin successful multifamily living, either through nonpayment of fees, or objectionable behavi…
In a recent essay published in the National Housing Conference (NHC)’s newsletter, NHC President and CEO David M. Dworkin breaks down ‘What we know about Fannie and Freddie as we begin the 10th week of revolutionary change’ for readers. …
On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (C…
On December 23rd, the Fifth Circuit Court of Appeals issued a decision staying the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas earlier this month. This court order reinstates the deadline for f…
There’s an old joke about business partners on the outs. The punchline is something like, “my lawyer is bigger than your lawyer!” Punchlines aside, though, who can you sue, when, and for what? In our litigious society, the short answer is n…
While condo associations in many parts of the country occupy towering high-rise buildings or sprawl across vast suburban acreages, small condominium associations—those consisting of 10 units or fewer—are more the norm in New England; indeed…
Back in 2021, Congress passed the Corporate Transparency Act (CTA), a federal law requiring most corporations, LLCs, and other business entities to register with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). …
When seeking a place to call home, potential co-op and condo buyers are seeking a place of peace and quiet. No one wants to live in the midst of a tempest. And peace and quiet can be both literal and figurative, of course. The constant din …