Managing a homeowners or condominium association requires a lot of work and responsibility. Not only do you have to ensure the association's financial stability, but you also have to effectively plan ...

Q: Our HOA has operating and reserve investment funds. The monthly assessments include amounts to increase the reserve account balances. Interest earned on the reserve account investments is ...

An independent budget review warned the Champlain Towers South condo association that its financial reserves were critically underfunded in the face of urgently needed structural repairs a little over ...

Q: Our community association just announced that our monthly assessment fee increased as of January. The reason is that we do not have enough reserves in our budget. What are reserves, and why does ...

Q. Mr. Richardson: Is there a formula to help determine what is a reasonable amount to hold in reserves for a homeowners association? – J.L., Los Angeles A. There are many statutory requirements ...

First-ever national database provides independent assessment of financial, physical, and operational health of association-governed communities WESTLAKE VILLAGE, Calif., June 8, 2022 /PRNewswire/ -- ...

Question: We just opened escrow on the sale of our home in a small common interest development. We’ve spent a lot of money on homeowner association dues over the years and have learned our association ...

Many community associations, including one you might live in, are concerned about their reserve accounts these days. Community associations collect fees from residents who live in a defined location, ...

Q: I live in small resident-managed HOA. Our reserves are very low. Is there a minimum amount or percentage of reserves required by law? Also, is there a legal requirement for a regular audit? Is ...

Question: About six years ago our homeowner association was sued. Three of five board directors were also individually sued for breaching their fiduciary duties, causing big rises in our monthly fees.