The Corporate Transparency Act (“CTA”) is here to stay, and for now, condominiums, townhomes, homeowners and community associations must file the required Beneficial Ownership Information Report (BOIR) by December 31, 2024. Failure to comply will result in penalties imposed by… Continue Reading →
By Adriana Bosco and Katerina Tsoukalas-Heitkemper Landlords are responsible for providing a safe, clean and healthy living environment for tenants. Thus, there are certain disclosure obligations landlords must abide by to their current and potential new tenants regarding environmental toxins… Continue Reading →
Life is anything but business as usual. But that doesn’t mean association board members can’t turn downtime into productive time. Board members are often too busy with current events or urgent matters that they simply don’t have time to tackle business… Continue Reading →
The COVID-19 pandemic has caused turmoil across the country. It is now more important than ever for community associations and property owners to stay informed and understand their options. Yesterday, the Community Associations Institute (“CAI”) sent out an email asking for… Continue Reading →
Many cities and villages throughout the country are now under “shelter in place” or “stay at home” orders to help prevent the spread of COVID-19. It is essential that board members and property owners understand how to prepare their community… Continue Reading →
Effective through at least April 15th or until further notice, Tressler LLP is urging all of its Condominium or Common-Interest Community Association boards to strongly consider rescheduling any non-essential board meetings or events of 25 people or more. Meetings or events… Continue Reading →
Establishing a Collection Policy for Condominium and Common-Interest Community Associations Many condominium and common-interest community associations are faced with a cash-crunch crisis when members fall behind in the payment of their proportionate share of assessments and common expenses. Associations are… Continue Reading →
The housing market has fluctuated and changed drastically over the past few years. This is why it is important for an association board to be proactive when a unit owner is facing mortgage foreclosure proceedings. Being proactive includes initiating a… Continue Reading →
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