AMS
There are two contract options. The first one is an “all-in contract”. It does not track time and only bills for items outlined as services or items “outside of contract”. The second is a standard contract with built-in hours included. Accounting services do not track time. If an Association uses more hours than stated in the contract an hourly charge will apply. Most Associations select the second option. Although larger communities sometimes select the all-inclusive contract with no limit on hours.
Association Business Managers work on-site on an as-need basis. If staffing or a project requires it, they will be on-site more often. If regular hours were necessary, the fee would depend on the number of hours required.
Time for site visits would be applied to the number of contracted management hours.
The law provides that in any legal action brought by an owner, or by a homeowner association, to enforce the provisions of the governing documents, the prevailing party shall be entitled to recover his/her attorney’s fees and costs, provided they are reasonable. Some governing documents broaden the right to recover attorney’s fees and costs so that it applies to all disputes relating to the property, including those that do not involve enforcement of the governing documents. In all instances where a right to recover attorney’s fees exists, it will apply in arbitration as well as in court.