Comments for HOA Brief

Comment on 2009 California HOA Legislative Update by Robert M. DeNichilo

Robert M. DeNichilo — Thu, 14 Jan 2010 20:06:33 +0000

I am surprised that others you spoke to were not aware of this issue. It is one of what I consider to be most important issues regarding legislation impacting HOAs in the last year. It is unknown at this point what the impact will be, however, there is a strong reason to be concerned that this language may remove the shield directors have on certain types of claims even if they have purchased insurance.

Comment on 2009 California HOA Legislative Update by John

John — Thu, 14 Jan 2010 01:57:27 +0000

Your commentary on AB 1233 regarding director liability on uninsured claims was very interesting. As an HOA board president I contacted our reputable and experienced insurance broker who knew nothing of this legislation. He followed up with two HOA attorneys, prop mgrs, other insurance brokers and others who are in the know. However, they all knew nothing about this legislation and said they “are not concerned that it has increased the exposure for volunteer board members.” Are you blowing smoke? Is there some infinitesimal risk of something that would likely never happen in the real world?

Comment on Nevada Bill Limits Restrictions on Solar Energy Systems by acnerdy

acnerdy — Wed, 04 Nov 2009 05:23:51 +0000

the cost of Solar Cells for Solar Energy utilization has been decreasing over the past years. pretty soon, solar energy would be a more viable alternative than fossil fuels

Comment on Nevada Homeowners Associations may soon be able to Maintain Foreclosed Properties by Robert M. DeNichilo

Robert M. DeNichilo — Wed, 16 Sep 2009 22:47:21 +0000

Lisa, Its not just an issue of fines. Its an issue of maintaining the property. Banks are often slow to come in and maintain the property. In the meantime yards are not maintained and become overgrown. That is just one issue that can happen when no one is maintaining the property. Banks will be assessed the costs of maintaining the property in addition to the normal assessments. More states need to give HOA’s this option.

Comment on The Fall Out of An Unfinished Community by Robert M. DeNichilo

Robert M. DeNichilo — Fri, 04 Sep 2009 18:25:53 +0000

The money was supposed to go for a new school to be built. That is not going to happen at this point. Once things improve everything will need to be reevaluated.