Community associations are typically required to maintain some level of insurance to protect the association, its members, and shared assets from the risk of financial loss. These requirements are shaped by governing documents, laws and regulations, lender requirements, and best practice. One of the most common — and consequential — questions in community associations is about how insurance responsibilities are divided. Who covers what?
CAI filed an amicus brief this month supporting high court review of a case that seeks to repeal the Corporate Transparency Act. This is the latest move CAI has taken to protect community associations from a law it believes imposes burdensome and unnecessary requirements. Here’s what you need to know now.
Clear, well-crafted governing documents are the backbone of a thriving community association. These essential documents need to be regularly reviewed, evaluated, and strengthened to keep up with changing conditions, issues, and attitudes. Here’s how to know when to update them.
The Landings Association, a multigenerational haven for 9,000 residents on Skidaway Island, Ga., combines resort-style living with small town charm. After noticing significant demographic changes, the unique, large-scale, 50-year-old community near Savannah decided it was time to undertake a strategic plan. Here’s how.
