Condo Associations and HOAs often find it a bit challenging to enforce all the rules. Not enforcing rules can upset members, cause issues, and possibly even create a legal issue. Here we explain the importance of implementing and enforcing rules, and provide resources so condo and HOA boards can make it manageable.
We’ve previously written about how to handle delinquent tenants and how to deal with bad renters. Here we dive deeper into how to prevent rental issues in condo and homeowners’ associations.
Pets are an important part of many Americans’ lives. Dogs are like family to many people, and therefore an inevitable situation for HOAs to handle. While pets are great companions to some, others can find them a nuisance, especially if they are not handled in a manner respectful to the community. The following homeowners’ association pet restrictions and guidelines will help your community have a problem-free co-existence.
Condo and community association boards are to represent the community’s needs and act in their best interest. As such, they have fiduciary responsibility to be fair and transparent. One of our preferred vendors Keough & Moody, P.C., recently explained how the 2018 ruling in Boucher v. 111 East Chestnut Condominium Association, Inc. reminds us how to comply, and prevent issues. Read the below explanations of laws and expectations to determine if you need to change your board’s practices.
Earlier this summer in July, a substantial fire destroyed nearly 75% of a condo association in Prospect Heights, IL. Associations for townhomes, condominiums, and single family homes need not overlook community planning for disaster management. Whether it’s a tornado, flood, or fire, community preparedness is crucial, lest you find yourself scrambling in an emergency.
HOA homeowners’ insurance is essential to all HOAs. Make sure you purchase the the correct policy for your needs, as otherwise you are opening yourself up to a lawsuit.
Making consistent improvements in your community is an important job of an HOA. However, when homeowners become delinquent, you will not have enough money to maintain operations. How do you deal with these people? The cost of delinquency to the association is quite expensive. Plus, it can lead to thousands in unpaid dues, tension with owners, and even court hearings. Here are a few tactics to deal with delinquent owners in your condo association.
A common challenge we address with associations is how to deal with and prevent bad renters, and condo and HOA rental caps. While it is typically not a great idea to prohibit renting altogether, you can put a rental cap into effect. There are other ways to prevent bad renters too.
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