Year: 2024

As community association lawyers, one of the things we are asked to do most often is analyze CC&Rs to determine whether the association or the owners are responsible for a certain component (“who is responsible for what” letters). It is not unusual for CC&Rs, especially those that are original to a condominium development, to be […]

Part 1 of 3: California HOA Insurance Issues Insurance carriers throughout California are non-renewing homeowner association insurance policies. As a result, premiums and deductibles for available policies are increasing exponentially and the level of coverage offered is decreasing. In part one of a three-part monthly series, we discuss what to do when insurance policies are […]

As we previously reported, effective January 1, 2024, corporations are required to file reports identifying all “beneficial owners,” defined as “individuals who directly or indirectly own or control” a corporation. Corporations in business before January 1, 2024, have until January 1, 2025, to file their initial Beneficial Ownership Information (BOI) report. Penalties for non-reporting range […]

Given the unexpected spike in homeowners’ insurance rates in California, one step condominium associations can take to help minimize claims filed against their master policy is to adopt a Water Leak Policy. Beyond insurance considerations, having this type of policy in place is just smart governance. This policy supplements the governing documents and provides homeowners […]