community association legislative update green issues-collections strategies-lerch early

588
-1

Published on

Published in: Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
588
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

community association legislative update green issues-collections strategies-lerch early

  1. 1. ideas that workfor community associations<br />October 6, 2011<br />Legislative Update, <br />Green Issues and <br />Innovative Collection Strategies<br />Jeremy Tucker  Jason FisherRuth Katz<br />Lerch, Early & Brewer, Chtd.<br />www.lerchearly.com<br />
  2. 2. Legislative Update<br />Green Issues<br />Collection Strategies<br />Q&A<br />Overview<br />2<br />
  3. 3. New Laws as of October 1<br />Priority Lien<br />Portion of condo/HOA lien has priority over mortgage claim <br />HOA Board Election<br />Disputes may go to Maryland Attorney General <br />Condo Insurance Amendment<br />Only 51% of owners' approval needed to require insurance<br />3<br />
  4. 4. WSSC Mixed-Use Billing Changes<br />Classification: “high flow”<br />Options<br />Pay higher rate<br />Install sub meter<br />Seek waiver<br />4<br />
  5. 5. Update on Smoking <br />MoCo ban on smoking in hallways, laundry rooms, lobbies and other indoor common areas of multi-family homes and playgrounds, including HOA playgrounds<br />Law covers apartments and condominiums<br />Must post signs<br />5<br />
  6. 6. Green Issues<br />What is green?<br />Renewable resources<br />Reducing footprint<br />6<br />
  7. 7. Green Statutes<br />§ 2-119 of Real Property Article – Solar Panel<br />§14-130 of the Maryland Real Property Article<br />Section 40-3A of Montgomery County Code Renewable Energy Devices<br />7<br />
  8. 8. What’s Covered?<br />8<br />
  9. 9. Emerging Trends<br />9<br />
  10. 10. Innovative Collection Strategies<br />Collection trends<br />How to get paid before other creditors<br />10<br />
  11. 11. What Methods Are Available?<br />Review governing docs<br />Suspension of privileges<br />Form leases for investor owners<br />Adopt & implement policies<br />Collect information early<br />11<br />
  12. 12. Speakers<br />12<br />Jeremy Tucker represents community associations and condominiums in a wide range of matters, including general counsel and litigation.<br />jmtucker@lerchearly.com<br />Jason Fisher provides skilled representation to community and homeowners associations, condos and co-ops and is recognized as a leader in the community associations field. jefisher@lerchearly.com<br />Ruth Katz represents community associations in a variety of litigation matters. rokatz@lerchearly.com<br />(301) 657-0157<br />(301) 657-0743<br />(301) 657-0188<br />
  13. 13. For more information<br />13<br />Lerch, Early & Brewer, Chtd.<br />3 Bethesda Metro Center, Suite 460<br />Bethesda, MD 20814<br />(301) 986-1300<br />www.lerchearly.com<br />Thank you for your participation<br />

×