Legal Counsel s Two Cents on Community Association Budget Considerations | Vandeventer Black LLP
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Preparing For Unexpected Large-Scale Repairs In Your Community Association by Mike Stonestreet
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as i explained before, it s like taking two 3,000-piece puzzles, throwing them up in the air and mixing them all up on the ground and trying put them back together again. just incredibly difficult work. sir, there is a discussion of a reserve study where a state would force a condo association to assess their building and figure out how much it s going to cost to repair it. does that need to be in place for condos nationally, do you think? we ve heard a lot of reporting how there were so many arguments about how to pay for the repairs that they seemed to think the building did need. i can t speak to what the law wants to be changed to or other things like that. what i can speak to is that when you own a house, apartment, a condo or whatever you need to pay attention to the building and when the plumbing breaks you begin fixing it. when you have too much fixing to do, you replace it.
But all is not perfect in paradise.
At the April 21 meeting of the Warwick Township supervisors meeting, several residents of Traditions of America attended to express their concerns about the final phases of Traditions of America in Lititz.
With the last homes of the final and fifth phase of Traditions of America nearing completion, the development will have a total of 329 homes in Phase 1, 2, 3, 4, and 5. The development, which is restricted to those aged 55+, was started in 2013 and at the time was the second Traditions of America development in Lancaster County. Work is now underway for a Traditions of America in East Petersburg.