Articles, News and Resources

Plan, Don’t React: 5 Things Every Board Member Must Consider for Long-Term Planning

Long-term planning is one of the primary duties an individual undertakes when seated on the board of directors for a community association. There is a constant balance that must be found between a desire to keep assessment levels steady (and low) and ensuring that the items which the association is responsible for repairing, replacing and maintaining are properly handled in the short and long-term.

What Every Board Member Should Consider to Reduce Assessments

What Every Board Member Should Consider to Reduce Assessments

A condominium association’s board of directors has a seemingly endless list of responsibilities, but one of the most important – at least in terms of its impact on the membership – is the adoption of an annual budget. In simple terms, adopting a budget requires the...

Two Condominium Bylaw Provisions That Every Board Should Review to Ensure that Assessments are not Unnecessarily Depleted

Two Condominium Bylaw Provisions That Every Board Should Review to Ensure that Assessments are not Unnecessarily Depleted

Assessments are the means by which all associations operate, and assessments provide the necessary income to maintain and enhance a community's assets to protect and maximize unit values. When assessment levels get too high, the very assessments that are essential to...