Imagineers Fall 2012 Newsletter

Condominium Homeowner Association News


Fall 2012 - Imagineers Picks:

Applicability of Common Interest Ownership Act
CT Research Law Library - OLR Research Report (July 20, 2012) (click here) You asked for a list of provisions in the Common Interest Ownership Act (CIOA) that apply to common interest communities created before 1984.

Condominium Budget Approval - Legislative History
CT Research Law Library - OLR Research Report(August 14, 2012) (click here)You asked for the legislative history of the Common Interest Ownership Act (CIOA) provision on approval of annual budgets for condominiums and other common interest communities.

5 Things for Condo Buyers to Learn Before Buying a Property
Kiplinger Letter (November 2012) (click here) Before signing on the dotted line, find out exactly what you might be getting yourself into.

Acts Affecting Housing in Connecticut
Office of Legislative Research CT. General Assembly (August 2012) (click here) Summary of housing acts from recent legislative session.

Board would benefit from reserve study on roof
Chicago Tribune (September 6, 2012) (click here) Q: Our condominium association had $60,000 in reserves for new roofs with a remaining life expectancy of 15 years. Last year, we had major damage to our roofs and had to spend almost half of the reserve fund for these repairs.

FHA Releases Condo Updated Guidelines
Community Association Institute (September 13, 2012) (click here) FHA Releases Condo Update CAI Areas of Concern Addressed

Condos now missing $1 million in accounting scandal
CT Post (October 3, 2012) (click here) A Westport property management firm is facing more legal trouble in a widening accounting scandal and from fallout from a string of thefts at a Greenwich apartment complex.




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