Volunteering for your board of directors can be as rewarding as it is challenging, but equipping yourself with the right tools and resources can assist you in unanticipated legal issues, like lawsuits. From improvement requests to violation disputes, homeowners may threaten legal action against the board’s decisions; however, educating and protecting you and your board can alleviate the effects.
In this week’s article, explore the reasons for and effects of lawsuits on your association. Impact ranges from affecting home value to finances, with the tools necessary to address these issues ranging from insurance to board training programs. Examining the Tarr v. Timberwood Park case, we aim to help your association understand the impact of lawsuits and encourage the tools for preparation and mitigation.
