Are you acting in accordance with the new CIOA (Common Interest Ownership Act) law? In July sweeping changes were made to the laws that govern the way condominium associations operate. Are you aware of these changes?
For example, the new CIOA law dictates how condominium associations hold their meetings. Did you know you are required to give notice to unit owners of ALL Board meetings and that ALL Board meetings must be open?
The new CIOA law affects the way condominium associations initiate foreclosures, adopt budgets and prepare resale certificates.
The new CIOA law also governs the way condominium associations adopt and enforce rules. Did you know that that there are sections of the new law that pertain to the flag displays AND political signage?
There are many, many more changes that you community should be aware of. If you would like more information please do not hesistate to contact me.
This post brought to you by, Karen Bernetti on behalf of The Home Team Advantage Management Services, LLC. 860-621-6964.