Author Archives: midtowntim

About midtowntim

I'm a licensed community manager, community volunteer and I live in a multi-family high-rise condo.

Fiduciary Duty

One must understand fiduciary responsibility. A fiduciary duty is a legal or ethical relationship of confidence or trust regarding the management of money or property between two or more parties, most commonly a fiduciary and a principal. One party, for … Continue reading

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What Are Governing Documents?

We’re always talking about the association’s governing documents, but what are they? State Law Almost every state has statutes governing condominiums and homeowner associations. In addition most associations are subject to the state corporations’ code. Declaration, Master Deed, or Proprietary … Continue reading

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Your Homeowner’s Association: The Upside

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Community Associations: Three Realities You Can’t Escape

All community associations have three things in common. Membership is mandatory. Buying a home in a community association automatically makes you an association member—by law. Governing documents are binding. Association governing documents can be compared to contracts. They specify the … Continue reading

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Committees and Community Associations

In most communities, the Board of Directors through the President has the authority to create and appoint volunteers to various committees.  Many times the Board members have to make an effort to recruit fellow neighbors to serve on committees.  The … Continue reading

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Protecting People with Dementia in Your Homeowners Association

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Penny Wise Pound Foolish

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