In general, as long as such restrictions are drafted clearly, the North Carolina Courts will uphold their enforcement; however, there are several factors community associations should consider when establishing and enforcing...more
Several bills introduced during this session had the potential to significantly impact the community association housing model. Throughout the session, the Community Associations Institute (CAI) North Carolina Legislative...more
12/20/2024
/ Community Associations ,
Data Collection ,
Department of Justice (DOJ) ,
Foreclosure ,
General Assembly ,
Homeowners Association (HOA) ,
Landlords ,
Legislative Agendas ,
Liens ,
New Amendments ,
North Carolina ,
Recordkeeping Requirements ,
Tenants
With federal and state elections less than forty-five days away, political signs are popping up in yards everywhere. Many community associations have restrictions in their declaration or covenants, conditions, & restrictions...more
Confused by what you've read about the Corporate Transparency Act? You're not alone. Read on to learn what it is, who it applies to, what it will do, and the requirements for compliance....more
Was your community association lucky enough to come in under budget last year?
On the surface, this might appear to be a bonus, but if not handled properly, it can quickly turn into an unexpected tax burden. ...more
10/5/2023
/ Budgets ,
Community Associations ,
Condominium Associations ,
Fees ,
HOA Dues ,
Homeowners Association (HOA) ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Membership Agreements ,
Revenue ,
Taxation
We are seeing the emails already.
"We have a Board Meeting and need to award the contract for the pool, but we shouldn’t be in the same room. How do we do this?"
"We have a Membership meeting scheduled for April but we...more
Congratulations!
You just purchased your first home in a planned community and became a member of a community association...
So now what? You have automatically become a member of the association within your...more
...Owners of adjoining lots in subdivisions often decide to combine them for a variety of reasons. But, in a planned community governed by an owners' association, the owner may have to obtain consent and the effect the...more
There are approximately 14,000 planned communities located throughout North Carolina, but very few of the nearly 3 million residents of such communities have a clear understanding of what the heck the community association...more
Many planned communities, townhome communities, and condominiums (collectively, "Associations" since they are nearly universally governed by one) have restrictions that either prohibit or limit the number, size, and type of...more