What is a Capital Improvement? – Article by Robert M. DeNichilo
Many HOAs have language in their governing documents that act as a spending cap on capital improvement projects without member approval (often at 5% of the annual budget). However, the term “capital improvement” is often not defined. This often leads to confusion as to whether an expense requires member approval. “Capital improvement” is an accounting … Continue reading
Amend Your Way to Efficiency and Cost Savings – Article by David E. Hickey, ESQ
“Reprinted with permission from California Association of Community Managers, Inc. (CACM) The Law Journal (Copyright, 2011, CACM)” Amendments to governing documents can increase the cost effectiveness of an association’s operations. Amendments that can create greater efficiency and cost savings are numerous, but are often unique to each individual set of CC&Rs. However, in recent times, … Continue reading
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