“Vendor Contracts, Decoded” – Attorney John Bickley reviews the essential components of a vendor contract, what predatory clauses to look out for, and why it’s so important for condominium, townhome and homeowner associations to seek legal counsel before signing on the dotted line. (16 min).
The KSN Podcast examines various aspects of association law, landlord/tenant … Read More ›
All too often, condominium, townhome, and/or homeowner associations enter into contracts that are no more than a one- or two-page proposal. The deficiencies in these contracts often only come to light when there is a problem.
Accordingly, it’s critical that association board members:
Proactively address basic issued involved in vendor contracts, and
Work with legal counsel to review … Read More ›
In the late 1970s and early 1980s it was not unusual for mortgage interest rates to exceed 12%. As a consequence, many purchasers were unable to obtain traditional financing for residential units, forcing sellers to offer various alternative and creative financing arrangements if they wanted a realistic chance of selling their homes. One of the … Read More ›
Samuel Godwyn once said, “A verbal contract isn’t worth the paper it’s written on.” In dealing with maintenance contracts, it would be appropriate to say: one-page contracts are barely worth the paper they’re written on, at least from an association’s point of view.
Association attorneys frequently receive calls from managers or board members having problems with … Read More ›