With all due respect, associations do have value. Starting with the fundamental value, associations provide housing. For many associations, their amenities, such as basketball courts, tennis courts, volley ball courts, exercise facilities, swimming pools and spas, recreational rooms for association and private events, (which may have a rental charge) billiards, etc are included in their regular assessments, saving hundreds of dollars as homeowners can skip joining athletic clubs.
An estate sale or estate liquidation is a sale or auction to dispose of substantial portion of the materials owned by a person who is recently deceased or who must dispose of his or her personal property to facilitate a move. These sales are used when someone is in need of a way to sell items due to downsizing, moving, divorce, bankruptcy or death. Often the estate sale is required due to a court decision.
I wanted to take some time this week to talk about how to handle neighbor disputes in our communities. Our homeowners associations can no longer ignore these situations. When neighbors are having a dispute with each other, often times community managers will direct them to settle it among themselves or involve a mediator if necessary. However, in some cases, the association may be able to take action.
Nevada Revised Statutes 116.3115 (2b) states that associations shall establish adequate reserves to be funded on a reasonable basis. This section of the law also states that associations may establish a funding plan that is designated to allocate the costs for the repair, replacement and restorations of the major components of the common elements over a period of years. The funding plan must be financially sound and must ensure that sufficient money is available when the repairs, replacements and restorations are necessary.