Mulcahy Blog

Homeowner and condominium associations are responsible for managing significant community funds, and protecting those funds should always be a top priority. Even though bank failures are relatively rare, they can occur, and associations should take proactive steps to minimize financial risk and ensure their deposits are fully protected. The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance coverage for checking, [...]

Are you familiar with and understand the unique role of the legal documents pertaining to your HOA or condo?  An association’s governing documents define the framework, rules, and standards for your association and all its members. But what exactly are these documents, and how do they relate to one another? Let’s break down the key documents that regulate community associations [...]

Recently, a question has arisen among community association boards considering amendments to their governing documents. Some boards are interested in lowering the quorum requirement for member votes — a practical adjustment for communities facing low voter turnout. However, there are instances where boards also contemplate a controversial change: counting a member’s failure to vote as a “yes” vote, both toward [...]