Due to the poor economy, the foreclosure crisis and a growing amount of owner delinquencies, community associations are considering ways to lower their expenses in ways that would not be considered before. Today, Boards are open to lowering their overhead in creative ways that will lessen the impact of their association receiving lower assessment income.

In all community associations, various documents make up and support the structure, governance and operations of the association.  Different sections of the various community association documents should be consistent and support each other. Community association documents are complex and contain a tremendous amount of information that sometimes will contain inconsistencies and may contradict each other.  When

There always seems to be some confusion when it comes to accounting methods. Each method has advantages and disadvantages. Overall, the main differences between the two systems would be the timing of the transactions and when they are recorded. We will review each method of accounting in this article.

Though it happens rarely, fraud can take place within a community association. No matter how problematic or costly, fraud can be detected and prevented by the Board of Directors, Property Manager and Management Company by following these 10 steps: