2021 Economic Forecast is Positive for Community Associations
2021 will see an increase of 4,500 new condominiums and homeowners associations—nearly 25% of the U.S. housing stock, according to the Foundation for Community Association Research. Community associations, which are home to more than 73 million Americans, will see a...
Condominium Assessments and Bankruptcy: What Can Associations Collect?
Courts across the nation are split on whether post-petition community association assessments constitute dischargeable debts under Chapter 13 of the U.S. Bankruptcy Code. To make matters worse, in November, the Supreme Court denied a petition to review the issue, leaving the community association industry wondering if the existing dispute among the courts will ever have a concise national remedy.
HOA Club Members Must Pay Dues, Even After Resignation, South Carolina Court Rules
When a community association club’s membership documents clearly and unambiguously require members to continue paying their dues until their membership is reissued, they must continue to do so; even after their resignation, the South Carolina Supreme Court ruled in...
