Community Associations
5 Reasons Community Associations Need an Attorney That Specializes in Collections
Posted in Community Associations
Assessments are the lifeblood of any condominium or homeowners association. To run properly, community associations must maintain strong financials. Associations must ensure that unit owners pay their assessments on time and in full and that any delinquencies that arise are handled by a community association collection lawyer who can employ… Continue reading
What is a Disaster Communication Plan?
Posted in Community Associations
In our modern world we take our ability to communicate seamlessly and instantly for granted. We communicate through more services and devices than ever before. Our options are vast: Facebook, Twitter, SMS text messaging, WhatsApp, email, traditional mail, cell phones, and even landline telephones. But what if those channels of communication,… Continue reading
What is a Disaster Preparedness Plan?
Posted in Community Associations
Life can change in a matter of moments. As my mother always says: “An ounce of prevention is worth more than a pound of cure.” Benjamin Franklin may also have been known to utter the phrase once or twice, but still, I’ll give credit to my mom. Preparation is key… Continue reading
In The Wake Of The Surfside Tragedy Fannie Mae And Freddie Mac Issue “Temporary” Requirements For Condominiums And Cooperatives
Posted in Community Associations
The collapse of the Champlain Towers South in Surfside, Florida, in June 2021, sent shockwaves throughout the United States and was a wake-up call to condominiums to the dangers of aging infrastructures. In light of this tragic event, secondary mortgage market giants, Fannie Mae and Freddie Mac have issued bulletins… Continue reading
Proposed Bill Would Require All Commercial Liability Insurance Policies Issued In New Jersey to Specify Coverage For “Faulty Workmanship”
Posted in Community Associations, Construction
Assemblyman Gary S. Schaer of New Jersey’s 36th District introduced a proposed bill, A.B. 1075, that would require all commercial liability insurance policies issued in New Jersey to include “faulty workmanship” within the definition of “occurrence.” The proposed bill “provides that a commercial liability insurance policy shall not be delivered, issued,… Continue reading
New Bill Clarifies Statute of Limitations For Community Association Transition Litigation Matters
Posted in Community Associations
On Tuesday, January 18, 2022, Governor Murphy signed into law Senate Bill 396, which automatically tolls (i.e. pauses) the 6-year Statute of Limitations for construction defect claims by condominium and/or homeowner associations and cooperative corporations until the first election when unit owners take majority control of the association board (“Transition”). Although… Continue reading
New Legislation Permanently Allows Community Association Members to Participate in Member Meetings Via Remote Communication
Posted in Community Associations
The New Jersey Nonprofit Corporation Act (N.J.S.A. 15A:5-1, et seq.) (the “Act”) was amended on Monday, January 22, 2022, to permanently allow remote community association member meetings (using Zoom, Teams, or other remote communication technologies). Previously, the Act permitted remote meetings of members-only when New Jersey was in a declared state of… Continue reading
Five Steps to Successful Trustee Elections
Posted in Community Associations
Step One – Start Early. The time to start working on your next election is the day after your last election. Make notes for next year. What worked well? What could be done better? Clearly note the new (and existing) trustee terms in the minutes. Too often trustee terms get… Continue reading
Condo Association Boards: Plan for the Future by Staying Ahead of Maintenance and Repairs
Posted in Community Associations
If you serve on the board of a condo association, you’ve likely seen instances of kicking the can down the road and deferring needed maintenance and repairs. Allocating and reserving funds for repairs can be a difficult, complicated process, and coming to a decision about these issues can easily lead… Continue reading
American Rescue Plan Act of 2021 Provides For Additional Cash Assistance and Supplemental Federal Unemployment Benefits
Posted in Community Associations
On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 (the “Act”) into law. The Act is a $1.9 trillion economic relief package intended to address the COVID-19 pandemic.
