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...
Insurance
Published
Fidelity Insurance – Why Every Community Association Needs It By Magdalena E. Myers, Esq.
Virtually all community associations collect assessments to operate and maintain their property. Each community association that collects assessments likely has multiple people involved in handling the funds the association collects. Whether it is an individual volunteer board member or a management company employee, every person handling the funds has...
Published
Reservation of Rights
Most community association board members are aware that if a person sustains an injury in the association’s common elements, such as a typical “slip and fall,” and makes a claim against the association for the injuries, the association should be covered by insurance. That is, the association’s insurance carrier...
Published
Spring Thunderstorms Bring… Falling Trees!
Spring and summer in Ohio often means heavy rains and thunderstorms that cause trees and large branches to fall, sometimes causing damage to property. As a result, many community association board members inquire as to who is responsible for falling branches and trees. The basic Ohio rule is that...