Regulations Regarding Opening Clubhouses and Holding Indoor Events

Original article attributed to and used with permission by Hill & Wallack LLP. Written by Terry A. Kessler. With Executive Order 152, issued on June 9, Governor Murphy has authorized larger numbers of people to congregate in certain areas and under specified conditions and so enables community associations to open their clubhouses and facilities and […]

No Pets Allowed! …Except Service Animals

The allowance of Dogs and other pets in condominiums are becoming even more complicated as the growth of “comfort pets” expands. Even as condos and co-ops around the Northeast have loosened pet restrictions to increase marketability, not all New Jersey buildings and HOAs have jumped on the bandwagon. Co-ops, most of which do not have […]

Underfunded Reserves – The Dangers of Running Short

We recently read a fantastic article in The Cooperator written by A.J. Sidransky on the importance of keeping adequate reserve accounts for unexpected, as well as planned for replacements and repairs. There are a lot of great points that would benefit our clients and we wanted to share the information! Underfunded Reserves: The Dangers of […]

Clothes Dryer Fires – It’s a Fire Just Waiting to Happen

Few people realize that dryer vent cleaning will significantly reduce the risk of fire. According to the US Consumer Product Safety Commission, there are an estimated annual 15,500 fires, 10 deaths and 10 injuries associated with the dryer vent. Several hundred people a year are also subjected to carbon monoxide poisoning from improper dryer vent […]

Updated Lien Priority Law Benefits Condominium and Homeowners Associations in New Jersey

Lien Priority Law Update Headed to Governor Murphy for Signature On March 25, 2019, the New Jersey Legislature passed legislation that will enhance the lien priority for condominium associations and, for the first time, give the same lien priority to homeowners associations. If this legislation is signed by Governor Murphy, both condominium and homeowners associations […]

5 Ways to Prevent Frozen (and Bursting) Pipes

Have you taken the steps needed to keep pipes in your home from freezing in cold winter weather? When pipes freeze, the extra pressure within the pipes can cause them to burst, leading to water damage in the home. Here are a few simple ways you can keep your pipes warm and your home dry, […]

A Landlord’s Template for Offering to Renew a Lease

The goal of renewing your lease is to keep quality tenants who pay rent on time and take care of your property. Even though you are continuing a lease arrangement with existing tenants, you still need to create a brand-new lease. Leases are fixed contracts, and for this reason, you cannot edit your lease end […]

Working Smoke Alarms Save Lives – Change Your Clocks, Change Your Batteries!

The annual fall ritual of returning clocks to standard time will take place November 3rd. We would like to remind everyone that when it’s time to change your clocks it is also time for that other fall ritual, changing the batteries in your smoke alarms. The death rate per 100 reported home fires was more […]

The Importance of a Written Investment Policy

Wilkin and Guttenplan is one of the preeminent accounting and consulting firms in the industry and we wanted to post one of their very informative blogs on our site.   Boards and the Importance of a Written Investment Policy Statement By Maria Maurucio, CPA It is no secret that CIRAs commonly operate using separate “funds” to […]