“The Road goes ever on and onDown from the door where it began.Now far ahead the Road has gone,And I must follow, if I can,Pursuing it with eager feet,Until it joins some larger way,Where many paths and errands meet.”J.R.R. Tolkein EQUES® Law Group celebrates 14 years of our journey together! There are times I feel […]
Condo and HOA Law
What is the Corporate Transparency Act? Effective on January 1, 2024, the Corporate Transparency Act will govern corporations, and in summary, was enacted to prevent and detect financial crimes. The unintended consequence is that all corporations, unless specifically exempt (regardless of not-for-profit status) are required to report Beneficial Ownership Information. This means that condominium and
Known as “HOAs,” homeowners associations (as well as condominium associations) are organizations created for the common benefit of their membership. Governed by a group of volunteers, each HOA (or condo) is elected by the membership into vital (sometimes thankless) roles on the Board of Directors. But the Board aren’t all-powerful despots. Like the rest of
Association boards and owners alike become frustrated when others don’t pay their fair share. How do we properly combat owners who don’t pay? The best practices for the payment of condo and HOA fees often start with administration. Here are a few best practices that our HOA team recommends: Ensure that your manager or Board,
Recently, our office received several questions about whether condominium owners must carry liability insurance on their respective units. These questions generally arise when a catastrophic event occurs, such as a fire or flood. The answer depends upon several factors. First, a condominium association does not have to require owners to carry liability insurance on their own.
As a volunteer board member, you have many responsibilities toward your association. As a group, it is imperative to run the association safely and smoothly for all owners, including yourself. If and when it comes down to a collection or association matter requiring a board vote, your management company or legal representation will reach