It seems like the everyday operating expenses of condos and HOAs just keep going up and up—fuel costs, staff salaries, physical repairs and the cost of cleaning supplies and other materials have all crept up (or shot up) in the last coup…
Every month, HOA residents pay monthly fees that are in turn used to pay for a variety of association necessities. One of those necessities is insurance coverage for their buildings and grounds. This isn’t the same as homeowner’s insuran…
Q I live in a 133-unit HOA in New Jersey with a nice clubhouse. The residents of the HOA are allowed to rent out the clubhouse. My question is, can a clubhouse be rented out to persons not living in the community? The association is look…
Members of co-op, condo and HOA boards often give a great deal of their personal time to make decisions in the best interest of their association, cooperative or condo community. These volunteers are charged with protecting the community…
Along with management fees, insurance premiums represent one of a homeowners association's largest annual expenses - and with good reason. Protection from major financial loss is integral to a civilized society. Without the security of i…
It's bound to happen eventually: calamity befalls your condominium development in the form of windstorm damage, fire, personal injury or the like. The first step most associations take is to call the insurance company and file a claim. Howe…
Instances of out-and-out fraud are rare in the world of condos and homeowners associations, but that doesn't mean you shouldn't look out for them and know how to spot signs of trouble. Consider this—most board members are volunteers…
Monthly charges, including common charges, emergency repairs, special assessments, maintenance fees, dues and so forth, are a big part of owning a condominium in New Jersey. When an owner is late, or misses monthly payments entirely…
In many New Jersey homeowners associations and condos, amenities are an integral part of a community, offering improved quality of life, recreational enjoyment and convenience. Popular amenities such as clubhouses or pools can create a s…
In many New Jersey homeowners associations and condos, amenities are an integral part of a community, offering improved quality of life, recreational enjoyment and convenience. Popular amenities such as clubhouses or pools can creat…