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The term “conflict of interest” is often used when discussing board member activities, but it is one that is not always understood. Having a clear definition of what is and what is not a conflict of interest is critical to a board as it carries out its duties on behalf of the rest of the owners.

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair.

Sometimes confusion exists over what expenses the operating budget covers and those that are reserve fund responsibilities. If board members understand the difference between the two, it's much easier for them to make the correct decisions when managing the affairs of the condominium corporation.

There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible.

Proper condominium management depends upon the annual budget for both short- and long-term financial planning. It’s important to follow some guidelines to ensure the success of the community and protect the investment of the owners.

Short term vacation rentals are popular with both travelers and the homeowners that rent to them. Perhaps you have stayed in a home that was advertised on Airbnb or VRBO. Maybe you have rented your home this way. For the most part people love this alternative to staying in a hotel or a B & B. But what are the implications when the home is part of a multi-family community? What about the common areas and amenities for which all the owners pay upkeep? There can be insurance implications as well. This article discusses some ways the risks to the condominium and its residents can be reduced.

A good budget provides the framework for the successful operation of a condominium corporation. Sometimes condo board members are daunted by this important undertaking. We have broken the task down into manageable steps to help you create a financial plan that will accomplish your goals.

Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.

Life in a multi-family community is much more pleasant when residents and leaders each understand their individual rights and responsibilities. As in all aspects of life, respect for each other and adherence to the rules are key components to successful community relations.

Love them or hate them, if you are a condominium board member you know that board meetings are essential to the successful operation of the community. But not all meetings are as effective as they should be. With some planning and guidelines in place this can be improved in short order.

As a board member of your condominium corporation you have many responsibilities. Within your role time management and organization are two vital aspects in the life of a board member, but what about communication? Let us offer you some tips on ways to best communicate as you fulfill your duties.

As a board member for your condominium corporation, you know that your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.

A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.

The Canadian Senate passed Bill C-45 , known as the ‘Cannabis Act’, in June 2018 which legalized the recreational use of cannabis across Canada. The first G-7 country to do so! When Bill C-45 goes into effect on October 17 th , Canadians will be able to purchase, consume and grow up to four cannabis plants, as well as make cannabis-containing products at home.

Learn why effective HOA policy starts with a strong communication plan.

Learn why effective HOA policy starts with a strong communication plan.

Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law.

Learn how to amend your association bylaws, including the practical logistics required to do so.

Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law.

Learn more about which Florida HOA laws passed in 2020, and how these new bills will affect your community.

HOA rental restrictions can bring several benefits to a community association if done properly. Here are five steps to follow when adopting HOA rental restrictions successfully.

How do you resolve community conflict, prevent costly and time-consuming litigation and maintain a great reputation in the Nevada marketplace? Consider these three methods of alternative dispute resolution (ADR).

Is your building prepared for Local Law 152 gas piping inspections? FirstService Residential recommends getting ahead of schedule to avoid unforeseen deficiencies and costly fines.

FirstService Residential managed properties have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, the premier firm in this specialized field.