Current law requires requires the association to distribute an annual policy statement between 30 to 90 days before the end of the fiscal year. This bill would change the time […]
Updated on 7/6/15: AB 596 proposes to add another disclosure to an HOA’s annual budget report: a statement describing the status of the common interest development as a condominium project approved […]
Budgeting in condo associations and other HOAs takes planning: gathering the right disclosure documents, anticipating rate changes in utilities and insurance, and following the Davis-Stirling Act. Get started with all […]
Published in the ECHO Journal, October 2012 We are all far too familiar with the implosion of the subprime housing bubble in late 2008 and the resulting free fall in […]
Published in the ECHO Journal, January 2013 Financial statements for a homeowners’ association may be presented using either the Fund Accounting Method of Reporting or the Equity Method of Reporting. […]
Published in the ECHO Journal, November 2013 The California Civil Code, under Section 1365(c) [new code §5305] of the Davis-Stirling Common Interest Development Act, requires that: “A review of the […]
Annual Policy Statement Overview The Annual Policy Statement is one of two main collections of disclosures required under the New Davis-Stirling Act. The second main collection of disclosures is contained […]
The Insurance Coverage Summary is a disclosure detailing the association’s property, general liability, earthquake, flood, and fidelity insurance policies. The Summary must be submitted with the Annual Budget Report and […]
At least once every three years, the board should conduct a visual inspection of all accessible areas of the major components that the association is obligated to repair, replace, restore, […]
Disclaimer: The rules and procedures described below are taken from the New Davis-Stirling Act, effective January 1st, 2014. The new law meets the requirements established under the current laws. To […]
Executive Council of Homeowners, Inc.
5669 Snell Avenue, #249
San Jose, CA 95123-3328
