Overcoming Issues with Development Plans
Background: One of our Clients purchased property and had it entitled for 50+ condominium units in a resort area. They went to a local engineer,
Background: One of our Clients purchased property and had it entitled for 50+ condominium units in a resort area. They went to a local engineer,
On December 13, 2023, Insurance Commissioner Ricardo Lara addressed the Assembly Insurance Committee at Pasadena City Hall. During this address, Lara highlighted California’s position at an ‘insurance crossroads’ and an ‘insurance emergency’ for many residents.
In 1981, a homeowner’s association filed a lawsuit against its developer and his employees, who were former directors in control of the association, for strict liability and breach of warranty. This landmark case is known as Raven’s Cove Townhomes, Inc. v. Knuppe Development Co.
In 1998, the Community Associations Institute (CAI) introduced Reserve Study Standards to establish the baseline for professional reserve studies. These standards, which have recently been updated, define four distinct levels of reserve studies, ensuring consistency in services across various providers.
In the quest to address the current housing crisis, homebuilders are facing substantial hurdles that hinder their ability to meet the rising demand for new homes. Despite the expectation that new construction would alleviate the shortage and stabilize home prices, builders are grappling with their own set of challenges that are stalling their progress.
Budgeting is a critical aspect of managing a homeowner’s association. It helps ensure that the community’s financial needs are met while maintaining financial stability. However, some common budget mistakes can hinder the smooth operation of an HOA. One such mistake is borrowing from reserves. In this blog, we will discuss the potential pitfalls of borrowing from reserves and explore the legal implications of this practice.
In the state of California, it’s no secret that we face a dynamic and challenging insurance landscape. Insurance has become a hot topic, with community associations, condominium developments, and homeowners’ associations facing increasing challenges in securing adequate coverage and the limited number of providers in the state.
California Building Services provided the necessary information to the DRE, enabling the builder to obtain their Final Report for their upcoming closings and stay on track with their schedule.
In the competitive and high-risk world of residential development, smart developers stand out by implementing effective strategies that pave the way for their projects’ success. From the initial stages of planning to the final execution, there are three things all residential developers can do to ensure the success and efficiency of their projects.
California homeowners and Homeowner Associations are currently grappling with a severe insurance crisis. Numerous providers are choosing to opt out of the State or reduce coverage. This predicament stems from a combination of factors, including persistent challenges in the supply chain, escalating climate-related disasters, and inflation.
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