Most homeowners love the idea of having a swimming pool, athletic court or health club as part of their association’s grounds because it adds value to their property and it gives them something fun to do throughout the year. But HOAs th…
Remember that thick stack of documents you received when you bought your condo or co-op? If you're like most people, they're probably sitting in a drawer or in the back of your filing cabinet, communing with the dust bunnies, largely f…
Good information and clear communication are crucial for anyone involved with the administration of a cooperative condominium or homeowners association—crucial not just to thriving, but surviving in today's challenging economic times. F…
Q I live in Newark and I just bought a two-family home in a condo. However, when the developer built these, he was the actual association and then along the years with all the mortgage defaults, things got a little off and the condo has…
Job losses. Bankruptcies. Foreclosures. These are tough times for everyone, but when homeowners fall on hard times, they are often late paying condo, townhome or co-op fees. Some can’t even afford to pay them at all. Add in to…
Q I live in a three-floor, four-room,30-unit condo, mostly 50-plus, with the only family with children (ages two and three) living on the third floor above me. For the past year there has been an excessive amount of constant running; …
Since 2000, New Jersey has experienced five federally declared disasters due to flooding. Hurricane Ivan crashed ashore in July 2004 and quickly became a category five hurricane. New Jersey residents were hit with intense rains, causin…
Mold—it’s an ugly four-letter word in more ways than one. Nobody wants to think about the fact that this fungus can be found anywhere where water leaks or drainage problems are present. Mold can cause serious damage to a co-op or condom…
Mistakes happen. It’s a simple fact of life and a simple fact of doing business. That’s why issues of insurance are so important for condominium managers and boards to take seriously. While it is easy enough to keep up to date on one’s o…
For any condominium or community association, there are certain types of insurance that HOAs cannot live without. Generally those include: property, liability, umbrella, D&O (with employment practices liability (EPL) insurance embedded …