Craft Detailed Records-Management Policy to Shield Association from Liability
Record keeping is an essential part of running an association. Not only does the law require associations to keep certain types of records for specified periods of time, but records also can prove that the association acted as it was required to in certain situations, like making necessary repairs—which in turn can relieve it from liability for wrongdoing and avoid lawsuits. Records can also help you keep track of things like association spending, complaints and requests by members, and board decisions.
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Community Association Management Insider helps community association managers keep their co-ops, condominiums, and homeowner’s associations running effectively and within budget — and all in the bounds of state, local, and federal law, as well as their governing documents.
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