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July 27 2017  - July 28 2017
(Natick, MA)
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August 8 2017  - August 8 2017
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Condo Media
 
 

 
Condo Media Magazine Thursday, July 27, 2017

Condo Media magazine, the official publication of CAI-NE, offers timely information and resources for New England communities. Monthly issues contain articles on association operations and management; national, state and local legislative updates; a classified directory of association service providers; calendar of regional events; frequently asked questions; and much more.

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July 2017
Article
HOW DO ASSOCIATION TREASURERS, MANAGERS, AND ACCOUNTANTS DEFINE THEIR ROLES AND WORK TOGETHER? Managing a condominium community’s finances is a team effort in which the association’s treasurer, its manager, and its accountant are the key players. But the individuals filling these roles sometimes have very different ideas about who should be doing what, and how they should interact. Some treasurers want to see and touch everything; others think the manager and the accountant should do it all. We asked an association manager and a CPA who works extensively with community associations to suggest how the lines of responsibility should be drawn, and to explain why some relationships work very well, while others don’t seem to work at all.

$5.99
Under the Massachusetts employment discrimination statute and relevant federal statutes, a prevailing employee plaintiff is entitled to recover his or her reasonable attorney’s fees and costs in an employment discrimination matter. On the other hand, under the same statutes, even if an employer prevails, it is not entitled to recoup the attorney’s fees incurred in defending itself— even if the employee’s case is without merit. While there are statutes that afford litigants the ability to seek costs and expenses for frivolous or bad-faith claims brought against them, success in such actions are few and far between.
Douglas A. Troyer, Esq.
For many condominium properties, an often-overlooked asset is the site’s retaining walls. After a while, they blend into the landscape and they just disappear. Yet they are everywhere. They are in the city, as well as the countryside. They can be made of many different materials. They can be poured concrete, steel, or timber. They can be concrete block or stone or brick. They can be very tall or very short. Whatever they are, if they fail, they can be dangerous and costly to repair. So, prudence suggests regular inspections and maintaining a log of repairs.
Jack Carr, P.E., RS, LEED-AP
Associations are fortunate organizations in a variety of respects, including sense of community, strength in numbers, favorable law and, typically, economies of scale related to property maintenance expenses. Associations are fortunate in the financial realm as well, in that they have multiple options for managing their financial needs.
Gary M. Daddario, Esq., CCAL
It’s always an adventure when an association, a property manager, or a unit owner comes in and asks us to fix a parking space problem within the condominium. Specifically, while in the process of exchanging parking spaces with one another, the titles to the units sometimes gets tangled up and needs to be untangled. The last case I worked on concerned a series of parking space swaps between 14 unit owners.
Frank A. Lombardi, Esq., CCAL
We have all heard Benjamin Franklin’s famous words that nothing in life is certain, except death and taxes. While condominium associations are exempt from death, they are not exempt from the requirement to file annual income tax returns, despite persistent beliefs to the contrary. Unlike individuals, there is no threshold amount of income below which an association is exempt from the requirement to file annual income tax returns, so even the smallest associations are required to file annually.
Kenneth A. Bloom, CPA

$5.99
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