Homeowners Association (HOA) management involves numerous responsibilities, and one crucial aspect often overlooked is conducting a reserve study. Reserve studies are so important that they are mandated in select states. While there isn’t a statutory requirement to...
A housing cooperative or “co-op” is a residential alternative that operates like a nonprofit corporation. Residents are also members jointly owning shares that allow them to live in their homes. As shareholders, they have a say on how to run things around the...
As a co-op, your building must comply with a patchwork of federal and state anti-discrimination laws protecting people with disabilities. This includes the Americans with Disabilities Act and Fair Housing Amendments Act (FHAA), the latter of which requires cooperative...
The increased use of emotional support animals, specifically dogs, has gained a semblance of acceptance due to their therapeutic benefits for people dealing with a variety of issues. Conversely, their rising prominence has also presented challenges to co-op boards who...
Entering or starting a business partnership could be a daunting task. However, it could take a venture to new heights through collaboration and efficient use of resources provided by both partners. This setup could help improve business operations and management, but...
A homeowners association (HOA) is the body that governs a housing community. It is an organization that comprises individual homeowners looking to maintain order and peace around the area of their residence and is especially popular in common interest communities...
Operating a business is a significant responsibility. The company might enter into agreements and contracts with other parties to grow. As the company expands, it could encounter situations leading to legal liabilities. Fortunately, business owners could prepare and...
A business contract is a binding legal document that lays out the terms and conditions of an agreement between two parties. These contracts serve as a protective measure to ensure all parties fulfill their obligations. The strength of a business contract lies in the...
Housing and Urban Development's (HUD) mission statement "is to create strong, sustainable, inclusive communities and quality affordable homes for all." While playing a vital role in securing dwellings, they are not immune to the occasional bureaucratic error....
Homeowner Associations play a crucial role in maintaining harmony and preserving property values within a community. However, conflicts and complaints between homeowners and the HOA can arise from time to time. Here are some effective strategies for HOAs to handle...