Archive for October, 2011

Did You Know…

FHA Backtraks on Fidelity Bonds FHA released guidelines in June that included a mandate that professionally managed condominium associations compel their management companies to carry fidelity bonds in amounts equal to the associations’ budget and reserves. In addition, all condominium associations would be required to carry fidelity insurance to cover board members and association employees. […]

Running for the Board—Do You Have What it Takes?

If you’re considering running for the board, we ask that you take a few moments to ask yourself the following three questions: Do I have the time? –  As a board member, you will need to devote at least several hours of your time each month to association business. In addition to regular monthly board […]