Barriers To Buying Hurts Community Association's Value

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HOA & condo directors, officers, or the community association manager (CAM) they hired generally do not anticipate the impact that their policies have on the value of the communities they have a fiduciary responsibility to manage. Contrary to what seems to be conventional wisdom in the industry, this article lists and explains why common policies passed by the board of directors actually hurts the value of all the units in the complex by restricting the pool of potential buyers. Often, the directors, officers, and managers, firmly believe they are helping when in reality, just the opposite is true.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Eddie Velie | Attorney Advertising

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