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December Survey Results
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Do you believe in Santa Claus?
84% Yes
16% No
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2003 BOOT CAMP AND FORUM SCHEDULE NOW AVAILABLE
Our 2003 Boot Camp and Breakfast/Lunch Forum schedule is now posted on our website. Click here to view the schedule.
Click here to register on line. You may also register by phone (303-432-9999/970-377-9998) or by fax (303-432-0999).
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BORROWING TO MAKE REPAIRS AND IMPROVEMENTS
As the association industry matures, more and more communities are faced with the responsibility and need to perform major repairs of common facilities. Often, because of poor planning, inflation or unanticipated problems, associations have not accumulated sufficient reserves to finance the needed repairs.
Typically, in the past, when faced with a situation where major repairs were required and funds were not available, associations had no alternative but to pass a special assessment to raise needed cash, defer repairs or complete the work piecemail over time. Each of these solutions has its own shortcomings and can create new problems for the board and the association members.
Fortunately, banks are becoming increasingly aware of associations' need for loans. Some financial institutions have even established specialized divisions to handle association needs. Loans can be a practical alternative to the choices listed above.
[FULL STORY]
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MANAGERS: FIVE WAYS TO AVOID UNNECESSARY LIABILITY
Experience has proven that a manager who takes the effort to avoid the five practices listed below benefits both from reduced liability and the increased professionalism that he/she exhibits in dealing with boards, vendors and developers.
[FULL STORY]
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LEASING RESTRICTIONS
For a variety of reasons, associations, particularly condominium and townhome associations, frequently ask if they can restrict leasing in their communities. Concerns about financing and insurance often generate interest in leasing restrictions. Intangible costs may include perceptions that tenants do not have the same interest in the community and are more likely to violate rules and regulations; perceptions of difficulty in blending investor owners and tenants in the life and operations of the community; perceptions of a lack of interest by investor owners in common area maintenance and reserves if investor owners are in the community for the short term.
[FULL STORY]
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MINUTES OF ASSOCIATION MEETINGS AND BOARD MEETINGS
All actions by the Association's members and the board of directors should be evidenced by resolutions adopted by the members or the board of directors. The resolutions should be contained in the minutes of actual meetings, or in written consents, with voting of each participant indicated, in lieu of actual meetings.
[FULL STORY]
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Orten & Hindman, P.C.
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We do one thing and we do it well...Community Association Law
To learn more about O&H's services, visit our website at www.ortenhindman.com
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Educational Events
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Click here to register
February Lunch Forum (Wheat Ridge Office): Association Regulation vs. Owner Rights Inside the Home February 6
February Breakfast Forum (Fort Collins Office): Association Regulation vs. Owner Rights Inside the Home February 7
Boot Camp Part 1 (Wheat Ridge Office): Understanding Your Legal Duties and Responsibilities and Avoiding Liability February 11
Boot Camp Part 1 (Fort Collins Office): Understanding Your Legal Duties and Responsibilities and Avoiding Liability February 20
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Suggestions
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If there's a topic you'd like to see covered in an upcoming issue, email us at Orten & Hindman
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Community Associations Institute
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The Community Associations Institute (CAI) is a nonprofit association that provides education and resources to community associations. To find out more about CAI visit www.caionline.org
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