Each year, every community association must have an annual meeting of its ownership. To have a legal meeting, however, certain procedural and legal requirements must be satisfied. Establishing quorum is one of these meeting requirements. Most of us have heard of the term “quorum,” but for many first-time Board...
In response to the tragedy at the Surfside condominium in Florida, Federal mortgagees are starting to update their questionnaires that are required to be completed in conjunction with the financing of a condominium unit sale. These changes include questions about the current status and condition of the property that...
Serving on an association’s board can be an extremely important task, but can sometimes become challenging if faced with uncivil owners. Thankfully, there are a few things the board can do to maintain order within the community. Increased communication and education. We find that the root of a number...
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...