The leading indicator is that the market will remain stable and rebound.
Homes Columns
The leading indicator is that the market will remain stable and rebound.
To call for a special meeting of the homeowners, the owners must submit a petition signed by at least 10 percent or any lower percentage specified in the covenants, conditions and restrictions of the total number of voting members.
There are many advantages and disadvantages of having a combination meeting — those present and those online. Until associations invest money to provide a better virtual system, homeowners can continue to expect various difficulties in hearing and seeing the participants at the board meetings.
The board has a legal obligation to hold meetings at least once every quarter and not less than once every 100 days per Nevada Revised Statute 116.31083.
State law supports board members being removed with or without cause if a removal election is held and the number of votes cast in favor of removal constitutes at least 35 percent of the total number of voting members of the association and at least a majority of all votes cast in the removal election.
I’m regularly being asked my predictions for 2023. HA, HA, HA!
With home interest rates sitting at the highest rate in years, the housing market seems to indeed be cooling off. Home sellers aren’t seeing the same quick turnaround that was so prevalent in Southern Nevada just a year ago.
We thought it was really a great place with a strict HOA but they aren’t. The hideous and excessive Christmas lights allowed to be up for 30 days after the holiday are a real eyesore.
Q: Our HOA of approximately 7,000 homes has many employees. A few homeowners are claiming that the manager and his/her top employees are paid too much.
Whatever the 2023 holds, real estate will continue to be the most reliable long-term investment and a celebrated way to generate wealth.
There are no NRS 116 laws that specifically regulate how much increase in assessments that an association could charge.
Giving back to our community is such an important part of PENTA’s culture that we created the PENTA CARES Foundation to make our giving more effective.
As we end another year, let’s make the coming year a positive one. It is time for the toxic behavior to end.
Cuningham has shifted from sustainability to regenerative design. Rather than simply doing less harm, we seek to use design as a tool to restore the planet.
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