The Consequences of California’s Balcony Law

The Consequences of California’s Balcony Law

INTRODUCTION In the wake of several high-profile balcony collapses, California’s Balcony Law—with mandatory inspections set to start in less than one year—has become hot topic with real estate lawyers, agents, HOAs, and management companies. The Balcony Law consists...

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Everything You Wanted to Know About Reserve Studies

Everything You Wanted to Know About Reserve Studies

OVERVIEW HOAs in California are largely governed by the Davis-Stirling Act, a series of statutes located in the Civil Code. In other words, all HOAs in California must abide by the Davis-Stirling Act, as well as other applicable California laws. One of an HOA’s most...

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Why is my HOA Testing for Asbestos?

Why is my HOA Testing for Asbestos?

OVERVIEW Most people have heard of asbestos, and most people have even seen the commercials for law firms looking for class action parties whose “loved ones suffer from mesothelioma.” At the same time, many people think that the dangers associated with asbestos are...

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Misappropriation of HOA Funds

Misappropriation of HOA Funds

OVERVIEW Managing an HOA’s finances is among the most important duties that HOA members (i.e., homeowners) entrust to their board of directors. Such management responsibilities include everything from collecting and distributing funds for common expenses (e.g.,...

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Weaponizing the Concept of Phantom Income

Weaponizing the Concept of Phantom Income

OVERVIEW Given how important the issue of phantom income is to anyone who owns shares in a corporation (or a membership interest in an LLC), one would expect most business owners to at least be familiar with the concept. Surprisingly, that isn’t the case. In fact, the...

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Owner’s Guide to Florida HOA Laws

Owner’s Guide to Florida HOA Laws

GOOD HOA v. BAD HOA A good HOA plays an important role in maintaining your property values and ensuring your quiet enjoyment of your property. A bad HOA can decrease the value of your home, force you to needlessly waste thousands of dollars, and turn your life upside...

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