SB120, which the Kentucky Legislature recently passed and was signed by Governor Beshear, creates a new, statutory framework for planned communities (HOAs) throughout the Commonwealth of Kentucky. This new law creates new sections of KRS Chapter 381, and includes many important provisions for homeowner associations in Kentucky, which have...
Most community associations utilize independent contractors to service their property. A general example of an independent contractor is an association’s landscaper who uses its own machinery, works on other properties, and is paid in lump sums. However, some associations hire employees who only work for the association, are paid...
Unless a condominium association is certified by FHA, lenders may not offer borrowers FHA-insured mortgages. In 2009, FHA implemented a number of changes to the agency’s condominium approval requirements. As a result, the number of FHA-approved condominium associations has plummeted. In July 2016, President Obama signed into law H.R....
Recently, House Bill 534 was introduced in the Ohio House of Representatives that directly impacts all community associations in Ohio. As you may recall, Rep. Cheryl Grossman and Rep. Rick Perales introduced a bill in late 2013 that would have had a significant detrimental impact on condominium associations in...