Impact Of 2017 MCIOA Modifications On Existing Common Interest Communities
For existing communities, the impacts of the 2017 MCIOA revisions are limited but significant. Associations will need to develop a written maintenance plan, schedule and budget consistent with the MCIOA and governing documents. The statute leaves plenty of flexibility for associations of different sizes and needs to develop a plan that is appropriate for the characteristics of their communities. Large, diverse associations may benefit from the assistance of outside vendors to help identify and assess each of the common and limited common elements and to determine the appropriate preventive maintenance schedule and budget.
Texas Court of Appeals (El Paso): An Association and its property manager were held jointly liable
Texas Court of Appeals (El Paso): An Association and its property manager were held jointly liable for failure to implement repairs recommended in a reserve study, even though the members of the Association voted down an attempted special assessment to fund the necessary repairs.
Why Clients Should Consider Contingent Fee Arrangements
Many clients dread calling their lawyer to ask important questions out of fear that the moment their lawyer picks up the phone the billing clock starts in six minute increments. The vast majority of lawyers follow the time honored tradition of billing hourly for their time, which leads many clients to become frustrated with enormous legal bills that do not reflect the actual value added to their cases. The contingent fee arrangement is designed to mitigate against this problem by re-aligning the incentives so that lawyers are compensated based on results, not time spent working on the case.