Q My association is in the process of changing its bylaws. One such change pertains to check signing. Our current bylaws state that two board members' signatures are required for disbursement from any of the association's bank accounts. T…
As readers of this publication surely know, well-run condo buildings and HOAs need to have adequate amounts of money in both their operating funds and their reserve funds. The operating fund covers most of the day-to-day costs of run…
What if your building’s boiler breaks down, or a hailstorm necessitates major emergency roof repairs for your association? Of course the first question that arises in these situations is whether your HOA’s reserve fund is adequate to co…
Sue Stevens became president of her Arlington, Texas homeowners association in 2003, one of her first orders of duty was solving a vital security issue to the residents—how to protect their homes, which were highly visible from several m…
Prices of most co-ops and condominiums in the New York metropolitan area—which nowadays extends as far west as eastern Pennsylvania and as far south as the lower Jersey shore—have reached stratospheric proportions. In once-blighted urban…