Condominiums: Who Pays to Fix What

One of the most frequent and dificult problems for condominiums is determining who pays for repairs to specific pieces of the property. Many managers and owners have an idea (often firmly entrenched) about who pays for repairs affecting individual units which is inconsistent with the responsibility defined within the condominium's declaration. Disputes over repair costs from water leaks, and owners suing . . . to read more of this article from Ken Harer, Condominium Law Group click here.

FHA Financing

For the last few years, conventional financing offered the most options for borrowers looking to put a limited amount down on a purchase. But since the overall investor appetite for limited down programs has gone away, borrowers are relying on Federal Housing Administration (FHA) loans to fill that need. Along with the advantage of allowing borrowers to put a little amount of money down, an FHA loan also allows . . . to read more of this article from Trey Bemis, Columbia Bank click here.

Swimming Pools - A Risk Management Overview

When you moved in to your community, how important was it to you to have a swimming pool as one of the association's amenities? Whether indoor or a seasonally operated outdoor swimming pool, the accessibility to such an amenity is sometimes a deciding factor to choosing one community over anothr, particularly if you have children. This article serves to remind associations that having a swimming pool at your community also comes with . . . to read more of this article from Duncan Kirk, CIC The Unity Group click here.

Using a Standard Addendum to Protect Your Association

Condominium and homeowners associations should never hire a vendor without a written contract establishing complete terms and conditions for the job. Surprisingly, many contractors and other vendors who provide routine services to homeowners and condominium associations don't use a comprhensive written contract. Even if they do, the contract terms are rarely adequate to protect the association. Although using the contractor's contract minimizes paperwork . . . to read more of this article from Josh Rosenstein, Hanson Baker Ludlow Drumheller click here.