Although it will likely take months or even years to determine the causes behind the Surfside, Fla., condo collapse, local and state governments are examining building codes, standards and practices, and other appropriate actions to improve structural safety.
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.
Following the tragic condo collapse in Florda, CAI is providing information and resources to help concerned residents and board members understand structural integrity, maintenance, and reserves.
The COVID-19 pandemic is leading to higher operating expenses and unanticipated costs for many community associations. Taking note of financial impacts now can help associations better prepare for the future.
Drones can have wide-ranging benefits in community associations. Here’s what you need to know about their capabilities, adopting rules, and due diligence when contracting with a drone operator.