Guilt by Association: A Survival Guide for Homeowners, Board Members and Property Managers

Front Cover
iUniverse, Sep 11, 2001 - Law - 188 pages
All over the country people are thrust into positions of authority with little or no preparation. They are responsible for hundreds of millions of dollars worth of real estate, make decisions affecting the lives of hundreds of people and are responsible for spending hundreds of thousands of dollars every year. Who are these people? Why they are newly elected directors on the board of a condominium or homeowners association. Whether they are serving because of their own self-interest or for the greater good of the entire community, most people are ill prepared for this task and there is very little written on the subject. This book is an overview of the most significant and frequent issues, which board members and property managers deal with on a day-to-day basis. This handy reference is written in plain English and provides practical, no-nonsense advice on dealing with both the routine and complex problems arising out of homeowner association governance.
 

Contents

Purchasing a Unit
1
Turnover of the New Association
7
The Annual Meeting
17
Once You Are on the Board
29
Executive or Closed Sessions
32
Sweetheart Contracts
37
Steps to Consider When Addressing Developer Defects
44
Selecting Contractors
51
Representing the Board
100
The Lawyers Role
108
Keeping Your Legal Expenses Under Control
112
Access To Association Records
116
Tools For A Better Board Meeting Why Do These People Act This Way?
121
Collection Policy and Procedures for Condominiums and Homeowners Associations
125
Protection or Illusion
131
Leasing Units
140

Adopting a Budget
55
Capital Expenditures and Deferred Maintenance
60
Recommended Procedures for Keeping Minutes for Property Owners Associations
64
Adopting Rules and Regulations
70
Risks and Liabilities for Property Managers
77
Insurance
82
How to Recruit and Retain Good People for Condominium and Homeowner Association Boards
89
Or How Not to Do It All Yourself
95
Employment Practices for Associations and Management
145
Partners or Adversaries
151
Umbrella Associationvs Residential Association Responsibility
156
Mans Best Friend?The Associations Worst Enemy
160
Procedures for Conducting Informal and Administrative Hearings for Cooperatives Condominiums and Homeowners Associations
164
Conclusion
169
About the Author
171
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information