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 ›