After months of social distancing and quarantining related to COVID-19, it is imperative that community associations look to the months ahead and prepare accordingly. Summer is right around the corner and many parents will be eager for the school year to be over and their feeble attempts at home schooling to be a thing of the past. It stands to reason that the community pool will be a popular destination for many of these families looking to leave the all too familiar confines of their homes and enjoy the outdoors. Associations should evaluate and assess what processes, protocols and procedures should be employed, when reopening the pool, to reduce the spread of the virus. For purposes of this article, “community pool” shall reference property owners association pools and condominium pools. Read More…
With COVID-19 Shelter-in-Place Orders firmly in place for cities, counties and the State of Texas, many community managers and board members are asking how bankruptcy is being affected. The short answer is not much. Overall, owners in property owners associations (POAs) experiencing financial difficulty are still filing Chapter 7 and Chapter 13 bankruptcies. Read More…
COVID-19 and the resulting “stay home” orders has had an enormous impact on the day-to-day operations of condominium associations. While most residents seem to understand why the gym and pool are closed and why management is working remotely, many may question why they are not being allowed to complete in-unit renovations and construction. After all, the contractors are only going into one unit, so what’s the harm? Unfortunately, any introduction of a new person into a multifamily residence increases the risk of exposure to COVID-19. Additionally, the presence of these workers would likely constitute a violation of the various Stay Home, Work Safe orders issued across the state of Texas. Read More…
Over the last few weeks, we have received a multitude of phone calls and emails from clients asking how their community association and condominium association should be reacting due to new regulations passed by the local, state and federal governments. Many of these questions are unique to the individual associations, yet we have developed some general guidelines that can be applied to most associations for collections, deed restriction enforcement, court actions and insurance. Read More…
There is concern on the part of every American as to what they should be doing with the outbreak of the Coronavirus (COVID-19). It is no different when it comes to Property Owners Associations (POA). Each distinct type of POA has its own concerns. For general information about steps to prevent the spread of COVID-19 the Community Association Institute (CAI) has a page dedicated to the Coronavirus with helpful information for POAs worldwide. While residents need to make their own plans of action as to how they can stay healthy, the POA should be considering its strategy for continued operations. Read More…
On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (“FFCRA”), a law which affects most employers with fewer than 500 employees. The new law has two statutes of immediate importance to employers: (i) the Emergency Paid Sick Leave Act (“EPSLA”), which requires employers to provide 80 hours of paid time off to employees for COVID-19-related reasons, and (ii) the Emergency Family and Medical Leave Expansion Act (“EFMLEA”), which provides employees with 12 weeks of job-protected leave for leave to care for children whose schools or places of care have closed, or whose childcare provider is unavailable, due to COVID-19-related public health emergencies. Read More…
We are all living in uncharted territory. While no one knows what will happen with the Coronavirus and the economy, one thing is certain – in times of uncertainty, the number of malpractice claims go up. What does that mean for accountants and CPA firms? It means accountants and CPA firms need to focus now on ways to avoid those possible claims in the future. Accountants and CPA firms should also consider these best practices as the Coronavirus pandemic continues to develop. Read More…
COVID-19 is impacting businesses and will continue to do so. As the COVID-19 pandemic has developed, we have received many phone calls from concerned clients asking how they should be handling their commercial lease payment defaults as well as other issues. In this article, we will answer several of the common questions we have received. Read More…
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