With increasing postage rates and other costs, some boards are considering raising the association’s administrative “late fee” assessed to delinquent owners. When an owner fails to make timely required payments some administrative actions are taken including account reviews, second billing statements, and the sending of delinquency reports to legal...
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Published
Ten Percent Into Reserves Is NOT The Law For Condominiums By Peter M. O’Grady, Esq.
The 2004 amendments to the Ohio Condominium Act placed often confusing and misleading language into the reserve requirement stating “…provided that the amount set aside annually for reserves shall not be less than 10% of the budget for that year…” This language is commonly misunderstood to mean that condominium...
Published
Cutting Costs: When Using Volunteers Does More Harm Than Good By Andrew F. Meinert, Esq.
With next year’s budgets in preparation, boards may be looking for ways to cut costs and reduce spending. Often, Board’s will look to their owners to volunteer for a variety of maintenance tasks, from snow shoveling to planting flowers. While minor work can be performed by volunteers with relatively...
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COVID-19 Forcing Boards To Reevaluate The Election Process By Katelyn R. Kaman, Esq.
Community association boards all across Ohio are taking a close look at the fine print in their governing documents to determine if they are able to have their owners submit their votes for board members directly to the association without the owners physically attending an annual meeting or having...