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Insight

A Primer on Budgeting and Reserves

Few aspects of condominium and cooperative association operations are as heavily regulated as the budgeting process and yet too many boards take an informal approach to these crucial director functions.  From Section 718.504, which lists the required operating expense categories, to Section 718.112, which delineates the...

New Year’s Resolutions for Your Board

Historians believe that the ancient Babylonians were the first people to make New Year's resolutions approximately 4,000 years ago. During a religious festival known as Akitu which lasted for a lengthy 12 days, the Babylonians crowned a new king or reaffirmed their loyalty to the...

In Defense of HOAs

HOAs certainly have their share of detractors. Many HOAs operate a community of detached, single family homes which begs the question: it's my house; it's my yard; other than the local building code, why should my HOA be able to restrict what I can do...