"Interest” and “late fees” are different things. Governing documents may provide for interest and/or late fees. Judges are sensitive to the difference.
Associations review their budget at the end of the fiscal year to determine the new budget for the upcoming year. In their budget, some Associations will have to reserve funds to repair and maintain one or more common elements that are no longer used by its members. These costly, but necessary budget items often times do not provide members with any value. Fortunately, Associations may be able to avoid these expenses by removing a common element.
He's Not the Man He Used To Be - What Can Be Done When Your Neighbor Has Mental Problems
The most common arrangements for retaining attorneys are hourly, retainer, task based, contingent fee or mixed-contingent. An attorney's 'out-of-pocket' expenses must be paid in addition to the attorney's fee.
Chances are your Association doesn’t have spare money lying around. Chances are your Association has five or more “regular debtors” – the ones who are on the arrearage list year-in and year-out.
Putting lipstick on a pig makes the animal no less a pig. Cladding the lobby in marble and installing fancy fixtures makes an old building no younger.
Defendants in Construction Defect Case Lack Standing to Enforce By-Law Provisions Intended for Unit Owners’ Benefit – Membership Ratification is Effective
New Jersey’s Assembly and Senate passed the manager licensing bill supported by the Community Associations Institute of New Jersey. However, the Governor refused to sign it.
Crime pays and crime in community, condominium and co-op associations can pay handsomely – hundreds of thousands of dollars, if not more.
Michael R. Polulak, Esq. discusses Age Restricted Communities