When an owner purchases a property as an investment, the legal obligations of renting may be far from the owners mind. Some owners, not wanting the responsibility, hire a licensed real estate broker to find a qualified tenant and manage the tenancy for a fee. Owners handling the rental themselves should be familiar with the…
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Articles
Tenants – For Better or Worse
March 15, 2005 by
AB2289 – Assessment Collection Procedures
March 1, 2005 by
AB 2289- ASSESSMENT COLLECTION PROCEDURE FOR HOMEOWNERS ASSOCIATIONS
AB2289 was enacted on September 29, 2002 , which in essence modifies specific sections contained in the Davis-Stirling Act. The following discusses the effect of AB2289 on associations collection procedures for delinquent assessments.
I. YEAR END DISCLOSURE REQUIREMENTS
AB2289 clearly requires that all associations distribute a written…
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SB800 – Construction Defects
February 28, 2005 by
The intent of SB800 is to facilitate and improve the resolution of construction defect claims. SB800 applies to single-family homes, condominiums and town homes originally sold on or after January 1, 2003, and is binding on all original purchasers and their successors in interest. The bill identifies new procedures for taking action against builders, architects…
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Should Your Association Revise Its Governing Documents?
January 29, 2005 by
There’s nothing like a full-scale disaster to force an Association and its counsel to take a long serious look at the documents which the Board, the members, the property manager and prospective buyers and lenders rely on in evaluating any number of issues that effect them almost on a daily basis. On January 17, 1994,…
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