Foreclosing on a Condo/HOA Member’s Property
Recovering delinquent fees and assessments from members of a condominium or homeowners association (HOA) can be a headache for the HOA’s board. Each homeowner shares a piece of the association’s operating costs; when they fail to pay their fees, it prevents the HOA...
Keeping Reserves for Your HOA
How much money does your condo or homeowners association (HOA) have in its reserve fund? If you’re puzzled by this question, your HOA could be in for an unpleasant surprise when a major repair—such as replacing the roof—is needed and your association doesn’t have the...
Know Your Limits: August Wrap-up of Mid-market Business Losses
Judge Awards Initial $150 Million for Victims of Florida Condo Collapse Liability Following the June collapse of a 12-story oceanfront condominium, a Florida judge has granted victims and families who suffered losses a minimum of $150 million in shared compensation....
Preparing Your Condo Community for Summer Risks
As summer approaches, community managers have new seasonal risks and exposures to address. In the Southeast, hurricanes pose a recurring threat. Also, as more people head to the coasts for vacations, pool safety should be reviewed to avoid liability. Below we provide...
Our New Loss Control Guide for Apartments and Condos
As we have seen with the COVID-19 outbreak, you can’t always predict when a major incident will occur. Therefore, it is essential, now more than ever, to implement the right loss control program, particularly if you are managing a property—whether it be an apartment,...