When a developer turns over control of a community to the Association, the clock starts ticking. A transition study is one of the most important steps a Board can take to protect its residents,

When planning for your community’s future, who performs your Capital Reserve Study is just as important as what the report contains. A Capital Reserve Study is a financial plan for condo, co-op, and HOA boards to schedule repairs and replacements of building systems and common areas. Precise inspections and projections help preserve property values, maintain infrastructure, and prevent surprise assessments.

Attention Community Association Managers! Stay up-to-date on new funding requirements affecting condominium communities with Fannie Mae or Freddie Mac-backed loans, as detailed in Lender Letter (LL-2026-03) . Effective soon, there will be changes to the minimum replacement reserve funding in community’s budgets.

Your balconies aren’t just outdoor spaces - they are critical structural components of your building. Over time, exposure to weather, moisture, and daily use can lead to hidden damage that compromises safety and aesthetics. Why Regular Inspections Are Essential: Detect early signs of deterioration before they become costly hazards. Ensure compliance with current building codes and safety standards. Preserve property value and maintain resident confidence. When Replacement Is the Best Option: If inspections reveal structural weaknesses, timely replacement is key. Contemporary balcony systems provide enhanced durability, waterproofing, and aesthetic value, ensuring long-term protection of your investment.

The Borough of Fort Lee has enacted Ordinance 2025‑17, mandating regular structural inspections of parking garages to promote safety and enhance long-term durability. This ordinance is applicable to the majority of commercial and multi‑family residential properties containing parking structures. KEY PROVISIONS OF ORDINANCE 2025‑17 Applies To: The ordinance covers most commercial and multi-family residential properties with parking garages. However, wood‑frame garages are exempt from these requirements. Inspection Requirement: Owners must ensure their parking structures undergo regular structural inspections as mandated by the ordinance. Initial Deadline: Structures that are five years old or older must comply with the inspection deadline of December 31, 2026 as set forth in the ordinance. Reporting: After inspections, owners are required to submit reports detailing the condition of the parking garages in accordance with the ordinance. Condition Ratings: Inspected structures will be assigned condition ratings. Those classified as Unsafe must be repaired promptly and have follow-up reporting performed. Structures that are classified as Unsafe must be repaired without delay. Once repairs are completed, owners are required to submit follow-up reports documenting the corrective actions and current condition of the parking garage. This process ensures that safety concerns are promptly addressed and monitored over time. Parking garages are subject to harsh environmental conditions that can accelerate structural deterioration. This ordinance is intended to identify issues early, allowing owners to address problems before they become severe. By complying with the inspection and reporting requirements, owners can help protect the safety of the public and building occupants, reduce exposure to liability risks, avoid costly emergency repairs and violations, and better plan for future repairs and capital improvements.