We have two communities that share the pool. We have a contract that states there is to be a "Committee" to manage and operate the shared property. The BOD of each community has done the managing. My association finally set one up in January and I am on that committee.

We are changing to a new management company. we are opening up a new bank account under our building name using my information as the primary person on the account . Is this normal practice?

I live in a 32 unit bldg; it is 30 years old. Due to termites, all the common area surfaces were replaced, including decks, railings, etc; the siding was replaced with Hardee board type material. After the work was finished, we were "special assessed" about $30K. I would like to know if I can claim it on my taxes. - either state and/or federal. And if so, how do I do it? Thank you. Sorry if this is a duplicate. I am uncertain if the first attempt was sent successfully.

Back in May I sold a condo in Chicago, right before my closing date I received the email from association that we will have a special assessment meeting set for a date two days after the closing. Since my buyer asked if I am aware of any special assessments

Accountant (from management company) bounced a check (because he closed the bank account and moved it to another bank) and wrote a check from the new bank to cover the NSF charges. Is this good accounting practice?

What is the purpose of an HOA audit? How often should they be done? Are audits necessary? is there a VA law that states that this must be done? What is the average cost? We are a 45 home HOA...not a lot of money, not a lot of services required.

How is it determined what is paid from RESERVES and what is paid from GENERAL MAINTENANCE fund when planning the yearly budget?

One homeowner says this procedure of adding these projects to the operating budget is illegal as any new projects must be billed to the owners via a special assessment. Where can I find this answer?

Do we need to retain our association's law firm all year? Its a monthly expense to our budget that I am unsure we really need.

I am on a condo board in Staten Island, N.Y. The HOA financials have not been provided to the board by management and the board is told by there is no money when we ask for repairs or maintenance to common areas, I.e. clubhouse, tennis courts, pool, gym, which is falling into disrepair.