Navigating the complexities of local, state, and federal regulations, as well as your community’s governing documents, can be a daunting task. Understanding these laws and regulations is crucial to ensuring your community’s compliance with all legal and regulatory requirements, while also enforcing your governing documents to maintain a harmonious and well-managed living environment.
Our Governance And Compliance Services Include:
Board Support & Guidance: We offer continuous support to your Board, providing expert advice on governance best practices, decision-making processes, and long-term strategic planning to foster effective leadership.
Regulatory Updates: We keep you informed of the latest laws, regulations, and compliance requirements that may impact your community. As an active member of the Community Associations Institute (CAI), we have access to the most up-to-date resources and are well-positioned to help implement any necessary changes in accordance with new developments.
Financial Compliance: We ensure that all financial records are maintained in strict accordance with established accounting standards. Our transparent financial reporting is designed for both board review and external audits, supporting the fiscal health and accountability of your community.
Enforcement: Our team thoroughly reviews your community’s governing documents to ensure full understanding and adherence to all compliance requirements. Enforcing these rules is essential to maintaining a safe and respectful environment for all residents. We work closely with your Board to enforce community policies, addressing violations consistently and fairly. Violations are communicated to homeowners in accordance with association policies and procedures, and violation reports are made available for Board review.
Conflict Resolution: We take a proactive approach to resolving conflicts, whether between residents or between residents and the Board. Our goal is to mediate disputes amicably and preserve a positive community atmosphere. Additionally, we assist in creating effective Dispute Resolution policies in compliance with state law.
Reserve Study & Structural Integrity Compliance: In January 2024, New Jersey passed significant legislation that affects condominium and cooperative communities. This law mandates periodic structural integrity inspections to assess the condition of critical building components such as foundations, load-bearing walls, roofs, and other essential systems. It also requires that reserve studies be conducted and updated every five years. The law includes specific provisions regarding the funding of reserve funds to cover necessary repairs or structural improvements of common elements. Compliance with this legislation is mandatory and critical for both the safety and financial health of your community.