Addressing unexpected maintenance often results in boards having to approve large special assessments, which can cause a financial strain to homeowners. A report from the Foundation for Community Association Research details why the unanticipated expense of repairing hidden damage can be so overwhelming.
CAI’s Government and Public Affairs Committee is considering policy reform recommendations that address building inspections, reserve studies, and reserve funding plans in the wake of the devastating collapse of Champlain Tower South condominium in Surfside, Fla., in late June.
Following last month’s devastating partial collapse of the Champlain Tower South condominium in Surfside, Fla., many community association managers, boards, and residents are eager to understand state laws and regulations ensuring the structural integrity of condominiums.
Community associations are at an increased risk of hurricanes and wildfires this year. Reviewing emergency plans is crucial to help your community prepare, recover, and rebuild in the event of a natural disaster.
Community managers stepped up to help association boards and residents navigate the challenges of the COVID-19 pandemic, but the increased workloads and responsibilities have caused some to feel impacts to their emotional wellbeing.