A dam that failed, drained a local lake and the homeowners association has yet to make a decision to repair it. Today the pond is green wetland and a meadow.
In this Q & A, homeowners are ignoring a "no rentals" policy by renting out their units and referring to the renters as "guests." Many unit owners know they are renters and are angry.
The Florida Condominium Act explains revoking a proxy and when it is valid, as well as levying fines and suspending common area use rights.
Even though it is not normal for the seller and buyer of a home to speak directly, if the opportunity arises the author has five questions that would be to your benefit, as the buyer, to ask the seller.
A homeowners association has asked their county to apply for a grant to complete a biogenic reef off the coast of Gwynn's Island. The project is on private property and the county has denied the request.
With approximately 20 percent of homeowners in the country living in an association, there are many ways to live successfully in this environment. The author suggests numerous ways to get along and make it a good experience for everyone.
Important New Book - Update on Reserve Standards
Written by Gary PorterReserve Studies – The Complete Guide was published in October 2015. This book is the definitive guide on the topic of reserve studies. More than 400 pages explaining the conceptual principles, and dozens of exhibits that show you exactly how the calculations are made. If you prepare or use a reserve study, this guide is a “must have.”
The Generally Accepted Reserve Study Standards issued April 16, 2015 by the International Capital Budgeting Institute (ICBI) have been making waves in the community association industry. Due to normal work pressures, I, as president of ICBI, only had time to send out about a dozen emails to select individuals regarding the new standards. However, the professional standards page of the ICBI website had more than 650 “hits” as people visited the site to see the new standards within the first few days. Turns out those few emails were forwarded around to lots of people.
Stay tuned for more news as these new reserve study standards are more fully distributed within the industry. These standards resolve the biggest complaints about reserve studies by requiring a uniformity in format and consistency of calculations.
Reproduced below is the table of contents of Reserve Studies – The Complete Guide.
To order, click here.
To order, click here.
In response to drought conditions, a homeowner installed artificial turf. The homeowners association is fining him and demanding he remove the turf. The homeowner feels he is doing what he can to help with the drought and the association is not supporting the state's urging to do the right thing.
The City Council is requiring homeowners in associations to pay for the annual cleaning of detention ponds in their communities. State requirements demand the ponds be routinely cleaned.
A neighborhood association recently installed speed bumps in their neighborhood without getting permits from the city. The city has specific rules for installing speed bumps and most communities do not qualify. Currently, the association is trying to work it out to keep the bumps because they paid for them.
