Did You Know? New Lender Requirements by Fannie Mae and Freddie Mac Require Current Reserve Studies To Provide For Sufficient Funding. By Adrian Chiang, Esq. We are sharing a helpful summary published by Community Associations Institute regarding the new Fannie Mae and Freddie Mac lending requirements that took effect on…
Did you Know? By Leena Danpour, Esq. The 28-day membership comment period is not required for all proposed rule changes. Yes, you heard it here. Pursuant to Civil Code section 4360, Boards of Directors must provide written notice to the membership of proposed rule changes and provide twenty-eight (28) days for…
By: The Attorneys at SwedelsonGottlieb As it does just about every year, the California Legislature has made changes to the law impacting community association’s statewide. This article covers those changes effective January 1, 2023 and other recent changes in the law that are worthy of being mentioned, as they may…
It is fall, and for most California community associations, it is budget season and boards and managers are in the process of preparing budgets for the 2022 fiscal year. Along with the next fiscal year’s budget, boards and managers need to be thinking of all of the disclosures that California…
Sometimes you do not even know there is an issue until someone raises a question. Special thanks to Ryan Gesell from Cline Agency and to the managers that asked Ryan if Civil Code §§ 1102.6f and 1102.19, as added by AB-38 (2019), apply to homeowners’ associations; teaser alert: they do!…
Does your community association have a Membership List Use Policy and Agreement for when it grants a request for the association’s member contact list? In order to limit unrestricted use of the list, it should. When a homeowner makes a demand for the association’s membership and contact list, aka its…
SwedelsonGottlieb annually updates and publishes its Disclosure and Notice Checklist as a resource for Managers and Board Members of California Community Associations. The updated Checklist is 14 pages (there are a lot of things that California community associations are required to give notice of or disclose) and sets out what…
By David Swedelson, Partner at SwedelsonGottlieb, Community Association Attorneys As we previously reported, (follow this link) Section 5300 of the Civil Code was amended in 2015 and becomes effective as of July 1st of 2016. The changes to section 5300 of the Civil Code requires California community associations to include…
By Sandra L. Gottlieb, Esq., Senior Partner and Mark Petrie, Marketing Coordinator at SwedelsonGottlieb On August 12, 2015, Governor Brown signed AB 596, which adds the following two new required disclosures to the Annual Budget Report for California condominium associations (this does not include planned developments or other common interest…
Yes, it’s true, California now requires associations with 25 or more separate interests that have a “public pool” must follow new (2015) daily and monthly testing requirements for the pool water. (Associations with less than 25 separate interests still have to test at least two times per week and at…