Lessons Learned: Association Boards, Reserves & Fiduciary Duty

Welcome to this episode of Community Matters podcast, where we discuss issues important to managing and governing condos, cooperatives and homeowner associations.

Anyone listening to this podcast is very likely aware of the tragic collapse of the Champlain Towers South Condominium building in Surfside, Florida that occurred a few months ago. The discussion that we are focusing on today intends to serve as a conversation regarding the obligations of elected homeowner leaders, while avoiding any insinuation as to the causes or events leading up to that tragic incident. And, before we start our discussion, we want to extend our sincerest condolences to all those impacted by this tragic event.

The topic of condo and building safety will dominate the conversations of community association practitioners for many months and years to come, as we all work to insure something like this never happens again. CAI’s national organization assembled various task forces that are working on a series of public policies to address issues such as building inspections and maintenance and reserve funds and studies. This podcast is intended to be a conversation about the obligations of elected homeowner leaders when it comes to the various issues involved in this topic.  

Our guests for this episode include Sara Austin, Esq., with Austin Law Firm, LLC, Marshal Granor, Esq., CCAL, with Granor & Granor PC, and Stefan Richter, Esq., CCAL, from Clemons, Richter & Reiss. 

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