An amendment to the Maryland Condominium Act, passed during the 2020 session of the Maryland General Assembly, will take effect October 1, 2020. Currently, the association can charge up to $5,000 of the master policy deductible to the unit owner where damage originated. The new amendment will increase that cap to $10,000 of the deductible.…
As the warm, sunny weather entices people out of quarantine to enjoy parks, beaches, golf courses, and pools, community associations must decide how and whether to safely reopen common areas and recreational facilities. To help guide your discussions and decisions, the Community Associations Institute developed ‘Healthy Communities,’ a 10-page summary of practical advice and COVID-19…
Reopening the association’s pool in May is one of the most anticipated events of the year. But the pandemic is forcing us to reexamine that schedule and other pool management practices. Please make sure to check appropriate state, local and health department orders before proceeding to open / re-open any common area facility in your…
Choosing a Virtual Meeting Platform With over 90% of America ordered to shelter in place, remote employees everywhere are using web conferencing tools to meet and collaborate. If you haven’t chosen a platform for your Board or Association, it’s time to start looking. For the broadest variety of features, improved reliability, security, and better customer…
Community Association living is trending! As this lifestyle choice continues to grow in popularity around the world, new communities require Boards of Directors, and Boards require new Board members and Managers. Do you have a recruitment strategy? When you sit on the Board of a community association, you are actually running a business. So when…
Now is the time to do some spring cleaning for your community association. Whiteford|Taylor|Preston compiled a list of routine tasks to tackle in the upcoming months. Committee Charters. You should review and revise committee charters once a year. Committee charters address purpose, scope, authority, organizational structure, and operational guidelines. Reserve Accounts. We recommend that any…
Clients with coastal property should consider securing a rebuild appraisal for insurance purposes. Buildings should be insured for how much it costs to rebuild them, not what they are worth in the resale market. The cost of inflation varies from region to region. Taking a standard inflation increase from year to year could escalate the…
Recently, the Generally Accepted Accounting Practices (GAAP) were updated for the reserve or replacement fund for community associations. In the past, the reserve fund contributions were recognized in the year they were assessed and unspent reserves were reported in a replacement fund balance. As of the fiscal year 2019, the replacement contribution will be recognized…
In 2019, the Maryland legislature considered increasing the amount that an individual could be charged for a master policy deductible from $5,000 to $10,000. Although the bill had a great deal of support, it did not pass into a law. The Maryland Legislative Action Committee from Community Association Institute (CAI) feels strongly for these bills,…
In Maryland and Delaware, managers are not required to have a license to manage a community. The Community Association Institute (CAI) offers classes and designations for managers who complete courses of study. The Community Association Managers International Certification Board (CAMICB) also provides managers the opportunity to earn the Certified Managers of Community Associations (CMCA) designation.…
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You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
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