Currently, Arizona law does not require a developer or an association to create
and fund reserves for a community association. However, adequate reserve funding is in the best financial interest of the association. Reserve funding allows an
association to provide for the repair, maintenance and replacement of the association’s assets as the community ages.
Lunch with Mulcahy: What are the Legal Ramifications of Board Inaction?Beth Mulcahy
What happens when the association fails to file for nonprofit corporation status; does not follow the Arizona open meeting law, does not hold board meetings or annual meetings, does not have an annual audit conducted, procure adequate insurance for the association or follow state laws. These issues and more plus the Top 10 Things you need to Know about Community Association Law.
Getting the Vote: What it Takes to Change Your CC&R'sBeth Mulcahy
Mulcahy Law Firm, P.C. puts together an easy, 5 step plan for amending your Community Association documents. Reserve Funds are also discussed, including how to make, keep, and grow your community association's investments.
Mulcahy Law Firm, P.C. Commnity Association Committee Basics Cheat SheetBeth Mulcahy
In a community association, committees are a necessary aspect of the association,
they are often used to help accomplish the many tasks required of the board of directors.
Committees are a way to formally bring people, who may have expertise on a subject,
together to share information, coordinate actions and possibly do research which is then
taken to the board for consideration and action. Committees can widen viewpoints, help
the board make decisions appropriate for the association and share some of the responsibilities
required of the board of directors.
The Meisner Law Group - Community Association Seminar pt 4Robert M. Meisner
Slides from the fourth evening of our four-week course offered October 4 through October 25, 2016 for Michigan community association board members, managers and owners. If you missed this one, we will be offering courses again in the spring and fall of each year.
Lunch with Mulcahy: What are the Legal Ramifications of Board Inaction?Beth Mulcahy
What happens when the association fails to file for nonprofit corporation status; does not follow the Arizona open meeting law, does not hold board meetings or annual meetings, does not have an annual audit conducted, procure adequate insurance for the association or follow state laws. These issues and more plus the Top 10 Things you need to Know about Community Association Law.
Getting the Vote: What it Takes to Change Your CC&R'sBeth Mulcahy
Mulcahy Law Firm, P.C. puts together an easy, 5 step plan for amending your Community Association documents. Reserve Funds are also discussed, including how to make, keep, and grow your community association's investments.
Mulcahy Law Firm, P.C. Commnity Association Committee Basics Cheat SheetBeth Mulcahy
In a community association, committees are a necessary aspect of the association,
they are often used to help accomplish the many tasks required of the board of directors.
Committees are a way to formally bring people, who may have expertise on a subject,
together to share information, coordinate actions and possibly do research which is then
taken to the board for consideration and action. Committees can widen viewpoints, help
the board make decisions appropriate for the association and share some of the responsibilities
required of the board of directors.
The Meisner Law Group - Community Association Seminar pt 4Robert M. Meisner
Slides from the fourth evening of our four-week course offered October 4 through October 25, 2016 for Michigan community association board members, managers and owners. If you missed this one, we will be offering courses again in the spring and fall of each year.
Creating a strong and active board for a startup or emerging company is critical to success. The SURGE lawyers at Fredrikson & Byron explain best practices and tips to do it right
Kiambu county co operative societies bill 2015Co-operatives
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
Diane Fanelli follows up her last article on rebalancing with a summary of reshuffling. Brian Wurpts discusses the basics of distributions, then presents some options for funding benefit distributions and the implications of benefit funding decisions on repurchase obligation.
The approaches, concepts and funding methods considered during the financial analysis phase of developing a reserve study for a common interest community.
Creating a strong and active board for a startup or emerging company is critical to success. The SURGE lawyers at Fredrikson & Byron explain best practices and tips to do it right
Kiambu county co operative societies bill 2015Co-operatives
Purpose -establishment of legal and institutional framework for registration and regulation of co-operative societies in order to-
Promote growth and development
Enhance good governance
Promote local economic growth and development
Promote the realization of Article 36 of the Constitution on freedom of association.
Diane Fanelli follows up her last article on rebalancing with a summary of reshuffling. Brian Wurpts discusses the basics of distributions, then presents some options for funding benefit distributions and the implications of benefit funding decisions on repurchase obligation.
The approaches, concepts and funding methods considered during the financial analysis phase of developing a reserve study for a common interest community.
Managing Defined Contribution Plan Investments: A Fiduciary HandbookCallan
Employee Retirement Income Security Act (ERISA) fiduciaries face a challenging task: They must familiarize themselves with ERISA's complicated rules of fiduciary conduct. They must understand and evaluate the performance of plan investments, and in doing so, they are subject to ERISA's prudent expert and exclusive purpose standards. In this handbook we focus on defined contribution (DC) plan investment fiduciaries and some of the key issues they face.
Quatre Managed Legacy Funds Solution – Quatre Guernsey Limited Nicholas Newman
London-based financial services company Quatre Ltd, has just launched a new solution known as the QUATRE MANAGED LEGACY FUNDS SOLUTION.
It is designed to fund the decommissioning of oil and gas fields and rehabilitation of other extractive industrial locations including mines. Quatre Limited was founded in 2013 to provide oil and gas licensees and other extractive industries with sustainable decommissioning management solutions to optimise their long-term financial planning.
Quatre’s Exit Strategy Management Solution (ESMS) evaluates Clients’ portfolio-specific exposure to the cost decommissioning of onshore and offshore wells and the reclamation of offshore and onshore facilities. Quatre has successfully applied this solution to other environmentally sensitive sectors, including mining and landfill regeneration.
Current estimates for global decommissioning costs run in excess 200 Billion dollars over the next 50 years, representing an unprecedented capital spend on an activity where operator’s and service providers’ experience is still relatively immature.
The Quatre team includes expertise across the fields of financial services, insurance brokerage, investment management, legal, taxation, trust management, E&P Operations and environmental liabilities.
This document is enhanced content for the Fall 2014 Forum Journal ('Get Real About Real Estate'). To learn more about Preservation Leadership Forum and how you can become a member visit: http://www.preservationnation.org/forum
FINANCING STORMWATER RETROFITS IN PHILADELPHIA AND BEYONDU.S. Water Alliance
Traditional means for stormwater infrastructure finance, such as bond issues, federal and state dollars—are becoming increasingly untenable, and it seems inevitable that private investment will be needed as cities contemplate future stormwater management planning. This presentation will discuss Philadelphia’s plan to use GI to mitigate stormwater run-off and how its parcel-based stormwater billing and credit system may present significant opportunities for private investors in local GI investment.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
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Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
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BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
2. RESERVE FUNDS FOR COMMUNITY
ASSOCIATIONS
Currently, Arizona law does not require a
developer or an association to create and fund
reserves for a community association.
However, adequate reserve funding is in the
best financial interest of the association.
Reserve funding allows an association to provide
for the repair, maintenance and replacement
of the association’s assets as the community
ages.
3. WHAT IS A RESERVE STUDY?
The reserve study is a budgeting guide that will
provide a comprehensive plan that shows an
association how much is reasonable to place
in reserve for a specific replacement or
maintenance project. When properly
executed, it can give a clear picture for the
maintenance, repair or replacement
requirements of association assets for the life
of the association.
4. A Reserve Study
A reserve study starts with an accurate
inventory of the community’s assets to
determine the useful life of said assets and a
review of the association documents to
determine the responsibilities of the
association regarding property and assets.
5. A reserve study should provide:
1. A detailed inventory of association assets that are
labeled as assets for the reserve account;
2. Location of the assets;
3. Current age and remaining life of each asset creating a
time line for scheduled repair, maintenance or
replacement;
4. The cost to replace each asset when necessary;
5. The costs of repair or maintenance, ie. painting
association fences; and
6. A calculation of the monthly contribution required to
have proper funding for repair, maintenance or
replacement when needed.
6. REASONS FOR ESTABLISHING A
RESERVE FUND
Educated homebuyers may not invest in a community that is
not maintained, has debt, or no reserve fund.
Therefore, reserve funding affects property values.
Additionally, lenders may not approve mortgage applications
in such a community.
Arizona does not require reserves or a reserve
study, however, planned communities and condominiums
in Arizona with fifty or more lots/units are required to
disclose to purchasers the amount of money held in
reserves and provide a copy of the most recent reserve
study (if any) in a disclosure statement pursuant to A.R.S.
Sections 33-1806, planned communities and A.R.S. Section
33-1260, condominiums.
7. Commonly accepted reasons for
maintaining a reserve fund:
1. Reserve funding meets legal, fiduciary and
professional requirements;
2. A reserve fund provides for the planned
replacement of major items;
3. A reserve fund distributes the contributions of
old and new owners;
4. A reserve fund minimizes or negates the need for
special assessments; and
5. A reserve fund enhances resale values because
associations must discloseinformation about their
reserve funding policies.
8. DETERMINING AN ADEQUATE
RESERVE FUND
The reserve study inventory should determine assets that
will be included in a reserve budget and also label
those items that will be an operational expense.
Operational expenses are typically characterized as
reasonably predicable in terms of frequency and cost.
They are minor expenses which would not adversely
affect the operational budget from one year to the
next.
Examples of operational expenses include (but are not
limited to): utilities, administrative expenses, services
such as landscaping, pool maintenance, management
and repair expenses such as small equipment repair.
9. DETERMINING AN ADEQUATE
RESERVE FUND Continued
Reserve expenses are capital expenses and major expenses, other than
annual expenses, that are reasonably predictable as to frequency
and cost. They must be budgeted in advance to provide the
necessary funding or the owners could face a special assessment.
Examples of reserve expenses include (but are not limited to) :
• painting buildings
• fences
• asphalt repairs
• pool and spa resurfacing and equipment
• clubhouse remodeling
• roof replacement
• air conditioning equipment
10. Determining Assessments to meet
Reserves Time line
Upon completion of the reserve study, it will be necessary for the
association to review the study as it applies to the budget and
future funding to determine the necessary monetary assessments
required to meet the reserves time line. Typically with each
member’s monthly, quarterly or yearly assessment a percentage of
the assessment is placed in the reserves account.
By creating a reserve fund that allows members to contribute equally
with each assessment, special assessments can be lessened or
eliminated. A special assessment places the burden of replacement
of an item on those currently living in the association when
residents who have lived in the association but moved, received
benefit of the asset without payment.
When a reserve study is completed and implemented, the association
can plan for efficient payment of major expenses, thereby offering
residents a fair distribution of payment responsibility over the life
of the community.
11. WHAT DOES A RESERVE STUDY COST?
Experts recommend that reserve studies be reviewed or
updated every five years which allows for the opportunity
to adjust the funding requirements as needed.
Because of the technical details involved in the development
of a reserve study, the association should consider hiring a
qualified reserve study professional.
A professional reserve study will range between $1,500 -
$5,000 depending on the size and amenities of the
association.
If the association cannot afford to hire a professional, “do-it-
yourself” software programs and worksheets are available
between $250 and $1,000.
12. WHAT SHOULD NOT BE INCLUDED IN A
RESERVE STUDY?
Budgeting for assets that would have an estimated useful
life equal to or greater than the community itself are
typically excluded from reserve funding.
Examples are:
• the complete replacement of elevators,
• electrical wiring etc.
Insignificant expenses that are covered by a general
maintenance fund are also excluded.
Natural disasters or accidents are typically insured for and
are not included in the reserve funding.
13. Mulcahy Law Firm, P.C. Cheat Sheets
Information in this presentation comes from the
Mulcahy Law Firm, P.C. Community
Association Cheat Sheet, Reserve Fund 411.
Information from Reserve Data Analysis was
used in the publication of this Cheat Sheet.
For more Community Association Cheat
Sheets, please visit website at
www.mulcahylawfirm.net.
14. For more information:
If you have questions regarding reserve
studies, budgets and funding please call
the Mulcahy Law Firm, P.C. at
602.241.1093.
A Mulcahy attorney will be glad to assist
you.