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Condo Media
 
 

 
Condo Media Magazine Monday, September 25, 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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September 2017
Article
When attending board meetings, we’ve encountered questions revolving around their long-term capital reserve fund (sometimes referred to as future repairs and replacements fund, or simply the reserve fund). While it can be difficult to accurately predict the future, and most discussion at a typical board meeting will revolve around current challenges, that doesn’t make the topic of budgeting as it relates to future capital repairs and replacements any less important.
Dan Levine, MBA, CPA

$5.99
Roofs are very complicated and we have seen instances where a PhD in engineering writes the specifications for a roof replacement. The goal of this article is not to make you an expert on roofs, but to teach you enough that you feel more comfortable when talking to a roofer about your next roofing project. When talking about flat roofs, the first thing we want to address is the definition of a flat roof. The word flat roof is actually inaccurate and the correct term is low-slope roof—if a roof were totally flat, water would accumulate on the roof and damage it. Roofs can be classified into the category of low-slope or steep-slope roofs.
Mark J. Sheingold

$5.99
Like most residential subdivisions, condominium communities typically tie into municipal water systems; but where that isn’t possible, they rely on private waste water treatment plants. As the owner of that facility, the community association must comply with a host of regulations governing its operation and maintenance. The state Department of Environmental Protection (DEP), which enforces the regulations, wants to ensure, among other things, that the treatment plants don’t fail and that if they do there are funds to make necessary repairs.
John Shaffer, Esq.
Earlier this year, the Portland City Council adopted a new ordinance that imposes restrictions on short-term rentals in the city, including Airbnb rentals. The ordinance becomes effective on Jan. 1, 2018. For non-owner occupied buildings with multiple units (i.e. multifamily homes), the ordinance generally sets a cap of 300 units that may be rented for short-term purposes. For owner-occupied homes and owner-occupied condominium units, short-term rentals are allowed, subject to new restrictions and requirements, and the ordinance establishes a mandatory unit registration process and associated fee schedule.
Douglas F. Britton, Esq.
August 15th marked the effective date of two new pieces of legislation in New Hampshire. The measures introduced as House Bill 501 and House Bill 502 were passed and signed by the governor. What follows is an explanation of each and the measures required for New Hampshire associations to be in compliance with the new laws.
Gary M. Daddario, Esq., CCAL
Earlier this summer, Gov. Gina Raimondo, signed into law an amendment to the Rhode Island Condominium Act (“Condo Act”) which seeks to address a real or perceived issue concerning the processing and handling of insurance claims for damage to condominium units. By way of background, Section 3.13 of the Condo Act, in conjunction with the declaration of each condominium, require associations to maintain to the extent reasonably available property and liability insurance on the common elements and units.
Frank A. Lombardi, Esq., CCAL
My daughter and son-in-law were ecstatic. They were buying a condominium after a year of searching for just the right place, at a price that they could afford. They would finally become homeowners. They would finally move out of her bedroom and into their own place. My husband and I were ecstatic, too! When they invited us to come and see their new community, a self-managed condominium, we happily agreed. I had already reviewed the condominium documents, financial statement and budget, along with some recent newsletters, and was satisfied that the community was a good place to be a homeowner.
Patricia Brawley, CMCA, AMS, PCAM

$5.99
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