How to keep your association financially sound

Norton Hammersley Firm News, Litigation

Members of the Sarasota Community Association Network joined Norton Hammersley’s Derrick Maginness for a presentation and discussion on how to keep your association financially sound in May.

An association can be a wonderful place to call home! They feature amenities that otherwise might not be close to home, like a community pool, fitness center, spa, golf course or riding trails. Being part of a managed association often means sharing similar interests with your neighbors, fostering a sense of community and abiding by high aesthetic standards.

Whether you’re in a downtown Sarasota high-rise, an active adult community in Bradenton or a gated community in Lakewood Ranch, none of that happens without stable finances, including a balanced budget and a well-funded reserve. A lack of financial health is detrimental to the property values in your community and the lifestyle of your residents. Your board will not be able to address maintenance needs, make capital improvements or plan exciting programming if your financial bases are not covered first.

Keeping your association’s finances healthy requires care and exercising good judgment.

C.A.N. provides monthly educational seminars for association managers & board members and no membership is required! Thier mission is to offer the most current information available covering the topics that matter to you, delivered by top professionals in their field!  What makes C.A.N. different is the delivery of their presentations.  They provide several professionals to cover each topic, so that you receive interactive information, from every angle.  In addition, they set aside time for your individual questions at every meeting.  At Community Association Network, conscious decisions are made to limit the number of service providers who attend and sponsor our meetings, so that our audience can focus on receiving the information they need.

Norton Hammersley’s trial practice and dispute-resolution group represents local, regional, national and international clients including real-estate developers, large corporations, insurance companies, contractors, financial institutions, small businesses and individuals.

Our Sarasota Business Litigation Attorney practice can handle complex commercial litigation, contract disputes, construction litigation, real-property matters, estate and trust disputes, probate litigation, property-tax disputes, creditors’ rights litigation and lending law matters. We offer significant experience and skill in all aspects of dispute resolution, including negotiations, pre-suit resolution, mediation, trial, arbitration and appeals in all Florida state and federal courts.

Our attorneys utilize state of the art technology and well-trained paralegals to efficiently work through difficult multi-party matters and complex claims to achieve the best possible results for our clients.

For more information on Norton Hammersley’s trial practice and dispute-resolution services, please contact one of the firm’s Business Litigation Attorney: J. Derrick Maginness, Philip N. Hammersley, or Joseph M. Herbert