“Special Assessment” is a dirty word in most HOAs. While boards and managers may view a special assessment as a tool to achieve the funding needs of the homeowners association, […]
read moreNow a two-year bill, this legislation would allow the HOA to serve the owner by “substituted service,” a less restrictive process. ECHO supports this bill.
read morePublished in the ECHO Journal, February 2007 One-Year Data Comparisons In the fall of 2005, my “staff” (two teen-aged sons) and I developed a spreadsheet containing financial information from all […]
read morePublished in the ECHO Journal, March 2007 Editor’s Note: Part I of this article that looked at one-year cost comparisons from 60 associations appeared in the February issue of the Journal. […]
read morePublished in the ECHO Journal, October 2010 A Silver Lining In The Midst Of Economic Turmoil Introduction Community associations are not immune from the current economic crisis. When people lose […]
read morePublished in the ECHO Journal, December 2011 Older Community Associations Need Better Inspections to Avoid Financial Failure Community Associations are not financially prepared for potentially ruinous renovations. Period. Newer communities […]
read moreHere is the scenario: a board adopts the annual budget and notifies the owners that assessments will increase from last year by 10%. After the beginning of the association’s fiscal […]
read moreBoard Funding Is Mandatory in California Did you know that California has a mandatory full-funding statute for community associations? Civil Code §5600 says: The association shall levy regular and special assessments sufficient […]
read moreIf a dispute exists between the owner of a separate interest and the association regarding any disputed charge or sum levied by the association, including, but not limited to, an […]
read moreAny payments made by the owner of a separate interest toward a debt described in subdivision (a) of Section 5650 shall first be applied to the assessments owed, and, only […]
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