Articles
Six Guidelines to Prevent Fraud, Embezzlement
Recent news stories of association fund thefts by board members or management companies may be causing concern in your community. In Colorado, the owner of an association's management company recently turned himself in to police for embezzling association money. At one time, he was the association's board president, and while he was in office, he started a management company to handle the association's management duties. Local police say that over a period of six years, the board president embezzled $42,819.46 in dues from the association.
Responsibilities When Appliances Cause Flooding in Condos
Q A member's washing machine hose burst in the middle of the night, flooding the neighbor's unit and the unit below. Does the condo association have a duty to get involved in a situation like this?
Getting Copyright Licenses for Music and Movie Nights
Q Our association is considering different activities to bring the community together. We are thinking of having a movie night or organizing an event with live music. Do we need to be worried about copyrights. Can an association get in trouble if it shows movies in the clubhouse or hosts a gathering where music is played?