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Crunching Numbers: What Goes Into a Community Association’s Budget?
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Budgets are crucial to a community association’s financial operation. Just like for-profit businesses, association boards should work diligently to develop annual budgets that estimate revenue and expenses for the upcoming fiscal year. A properly drafted budget can help prevent reduced services, deteriorating property, or special as...
Who is Responsible for Repairs and Maintenance?
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Homeowners often have differing views of their individual homeowner’s associations (HOA). One thing everyone can typically agree on is that one of the primary responsibilities of an HOA is to maintain common areas throughout a neighborhood or development. If a storm trashes a playground, pool or clubhouse, walking trails or pond, th...
Maintenance, Repair and Replacement in HOAs & Condos (Including Hurricane and Casualty)
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Prior to Hurricane Dorian our firm again sent out emergency contact information (emails and cell phone numbers) for all our community association attorneys. The thought behind doing this before significant storms is that in the event of HOA or condo damage, immediate advice may be needed on who is responsible for making and/or paying for ...
Hurricane Preparation 2019
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As many of you know, the Atlantic Hurricane Season officially began June 1st. Though the southeast region of the US doesn’t typically see the peak of storm activity until a bit later in the season (it doesn’t officially end until November 30th), we want to go ahead and share some tips and other information to help you prepare ...
Protecting Your Home from Floods
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The concept of flood zones has been changing as more areas which historically haven’t flooded have begun seeing more instances of water intrusion whether it be from rain, nearby bodies of water or a combination of both. There are more than 20,000 communities in the United States which have been placed into a category of flood zones ...
Is Your Association Facing Capital or Large Deferred Maintenance Projects?
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Most condominium and community association developments along the coast of North Carolina and South Carolina were created and developed beginning in the mid-1980s. Many of these associations are now approximately 30 years old and require large capital or deferred maintenance projects.   Many of the projects that we see for associati...