Derrick Maginness co-hosts board certification course at the Sarasota Yacht Club

Norton Hammersley Firm News, Real Estate Law

Associa Gulf Coast and Derrick Maginness co-hosted a board cert course at the Sarasota Yacht Club in July.

Associa Gulf is the industry leader in property management for community associations and proudly serve nearly five million homeowners every day. With a wide array of programs and services ready to fit the specific needs of any HOA.

The HOA/Condo Board Certification class is designed to satisfy the statutory requirement so that residents are eligible to serve. More importantly, it provides the tools and information you need to perform your job well and to avoid any potential liability associated with your new role.

Topics Covered during the session were :

• Defining your fiduciary duty
• Analyzing association operations
• How to properly maintain the association’s books and records
• The pros and cons of alternative dispute resolution
• Avoiding common election pitfalls
• Preparing budgets and funding reserves
• Understanding financial reporting requirements
• Assessing insurance needs for common areas
• Defusing conflict within the community

J. Derrick Maginness is a Partner and a member of our trial practice and dispute-resolution group. Mr. Maginness handles complex commercial litigation matters in all Florida state and federal courts. Mr. Maginness has represented individuals and businesses in a broad spectrum of legal matters. His areas of practice include corporate and business law, employment law, banking law, real estate transactions and litigation, association law, creditor’s rights in bankruptcy, landlord-tenant law, commercial litigation, mediation and other general litigation matters.

Norton Hammersley’s real-estate practice group provides comprehensive legal representation to individual and corporate clients in the acquisition, development and sale of residential and commercial real property, leasing and financing of single-family homes, multi-family projects, residential subdivisions, hotels, office buildings, condominiums, shopping centers and other real-property developments throughout Florida. The firm is well positioned to assist its clients with real-estate transactions, including closings, tax-deferred exchanges, construction development and land-use matters, mortgage transactions, and serve as agent for several state and national title-insurance underwriters. Sarasota Real Estate Lawyer Norton Hammersley have extensive knowledge and experience with various lending and secured transaction matters, loan workouts, venture-capital financing and international banking matters, and regularly assist borrowers, commercial lending institutions, community banks, credit unions and holding companies in various loan and banking transactions.