If an association installs a charging station meant to be shared, it may need to create rules or regulations governing access to it. Rules could include things like who can use charging stations, when, and for how long.
Quite recently, two of the largest residential property insurance companies announced major cutbacks in California, and many HOAs are now experiencing skyrocketing property insurance rates. Here are some tips to simplify your property insurance with a “bare walls” approach.
Community associations need to prepare for electric vehicles as more drivers bring them home and expect to plug in. Board members and managers can plan to either provide charging stations as an amenity or offer residents guidelines to install their own.
Community associations are familiar with the challenges associated with long-term home rentals and have become well acquainted with short-term rentals over the past few years, but a new trend in the sharing economy has been making waves recently: rentals for residential components such as swimming pools.
As electric vehicle adoption continues to rise in the U.S., community associations must prepare to accommodate the trend by considering plans for paying for, servicing, and administering stations, as well as safety and logistical factors.