The Community Associations Institute (CAI) is a national, non-profit organization dedicated to providing the education and resources necessary to foster vibrant, responsive, competent, community associations and helping them promote harmony and responsible leadership.
Passing a leasing amendment is desirable because it helps to maintain the quality and character of the community. A leasing amendment benefits a community in two main ways: 1) by providing an association with a means of evicting nuisance tenants and 2) by enabling the association to collect rent directly from tenants when unit owners become delinquent. A leasing amendment will also pay for itself in the time and money saved in these two scenarios.
In the summer of 1981 I started reading Stephen King’s “The Stand”. My boss had left it in my attendant’s shack at a parking lot on the corner of Ocean and Pine Avenues in Wildwood. I didn’t get very far. The book was scary and long. As a sixteen-year-old at the beach, I had more fun things to think about.
More and more associations are facing the issue of emotional support and assistance animals. Often, these animals do not present any problem for an association, but what happens when an emotional support or assistance animal violates the association’s pet policy? In those instances, several factors weigh into the decision making process to determine whether a medical necessity claim is valid and whether the requested accommodation is reasonable.
In 2010, the Department of Housing and Urban Development (HUD) turned the financing of FHA mortgages upside down by announcing the end of spot approvals for condominiums and a new requirement of biannual community-wide certification for FHA mortgages.
As your Association takes on either owning or possessing vacant units, the Association takes on a new role as well: Landlord.
Is Your Association Considering a Large Project? Will Your Association Need to Borrow Funds to Complete the Project? If so, is the Project Properly Approved?
The Common Interest Community Manager Licensing Act is close to being law: What does it mean for you? As many people already know, the Act provides for the licensing of common interest community managers, but what you may not know is that it also creates a Common Interest Community Board, provides accounting and insurance requirements and mandates continuing education. Below are answers to a list of frequently asked questions.
Open Board meetings are generally the most stressful part of any board member’s tenure. We all know that people who come to open meetings are usually not there to let the board know what a wonderful job they are doing.
Bankruptcy is a court case where a person attempts to have their debts wiped out (a Chapter 7 Bankruptcy) or attempts to have the court force their creditors to be paid under a payment plan (a Chapter 13 Bankruptcy).