Condo Media - June 2020 - 22
Receivable
Recovery
AND
A FINANCIAL ROAD MAP
FOR COMMUNITIES
BY STEPHEN MARCUS, J.D. CCAL
"These are times that try men's (and women's) souls." - Thomas Paine
IT WAS EXPECTED THAT BY MAY 2020, condominium associations across the
country and the world would start bearing the brunt of COVID-19 in terms of
collecting condominium fees. In several states, moratoriums had been put in
place, which also hampered the collection process.
The focus of this month's article is to set forth a roadmap for associations to
get through the next 90-180 days not unaffected by the disastrous effects of
COVID-19, but without an interruption in condominium services and projects.
As noted by Wesley Blair, Senior Vice President of Brookline Bank, "If the impact
of the coronavirus goes substantially beyond 180 days from now, we have
bigger issues to worry about than loans to condominium associations."
The pandemic and issues related to coronavirus are changing quickly around the world. Please note that this article
was current as of the date it was written for June publication but we caution readers to check with their management
companies, attorneys, and/or state and federal agencies for the most updated information and recommendations.
22
CONDOMEDIA June 2020
Condo Media - June 2020
Table of Contents for the Digital Edition of Condo Media - June 2020
Contents
Condo Media - June 2020 - Cover1
Condo Media - June 2020 - Cover2
Condo Media - June 2020 - Contents
Condo Media - June 2020 - 2
Condo Media - June 2020 - 3
Condo Media - June 2020 - 4
Condo Media - June 2020 - 5
Condo Media - June 2020 - 6
Condo Media - June 2020 - 7
Condo Media - June 2020 - 8
Condo Media - June 2020 - 9
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Condo Media - June 2020 - Cover3
Condo Media - June 2020 - Cover4
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202308
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201912
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911_v2
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