Finances

WCIOA

WUCIOA – What You Need to Know

Have you heard? The Washington Uniform Common Interest Ownership Act (WUCIOA) was adopted by the legislature and goes into effect on July 1, 2018. The bill creates a new chapter in the Revised Code of Washington that governs the formation, management, and termination of condominiums, cooperatives, and planned communities (such as communities governed by homeowners’ …

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Home Sweet HOA: People Love Their Community Associations

Home Sweet HOA: People Love Their Community Associations!

The results of Community Associations Institute’s 2018 Homeowner Satisfaction Survey are in, and for the seventh time in 13 years, Americans living in homeowners associations and condominiums say they’re overwhelmingly satisfied in their communities. Below are some highlights from the survey: 85% of residents rate their overall community association experience as positive (63%) or neutral …

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reserve study

HOA Basics: Reserve Study

In determining how much should be paid in maintenance assessments each month, the Board of Directors must estimate how much the association is going to spend for operating expenses and how much it must save for future repairs and replacement of common area assets (reserves). A reserve study helps the Board know how much to …

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