On Dec. 23rd, the Fifth Circuit Court of Appeals granted a stay over the injunction issued by the U.S. District Court for the Eastern District of Texas earlier this month, and issued a court order reinstating the January 1, 2025, beneficial ownership information (BOI) filing deadline under the Corporate Transparency Act (CTA) for applicable community associations required to file under federal statute.

Look What's Back!

Currents is returning as Currents Jr., a triannual e-newsmagazine!

Strengthening Our Community Through Volunteerism

Our community thrives when its members come together with a shared goal of making a positive impact. Whether you’re passionate about supporting vulnerable animals, mentoring youth, or helping families in need, Hampton Roads offers countless opportunities to give back. Volunteering not only enriches the lives of those we serve but also fosters a stronger, more connected community. Every act of service, no matter how small, contributes to building a compassionate and thriving environment for all.

Hampton Roads Community Action Program (HRCAP):

Don’t wait until a hurricane is imminent: Proactively prepare before the next hurricane to help keep your organization, employees and yourself safe. 

While the recently celebrated Independence Day, that is not the only special occasion this summer. July 1 is the day that most new laws in Virginia take effect. The Virginia Condominium Act (the “Act”) was enacted on July 1, 1974. It superseded the Horizontal Property Act, which was enacted in 1962. Condominiums are purely “creatures of statute” meaning that without the laws permitting them, they would not exist. In other words, they are a legal entity created by statute. The Act is a legislative marvel, crafted by deep thinkers and innovators. It was a new breed. 

As the summer winds down and we approach the latter part of the year, it’s time for our community association to turn its focus to one of the most crucial tasks on our calendar: budget season. This period is not just about crunching numbers; it’s an opportunity to reflect on our achievements, plan for the future, and ensure the continued well-being and growth of our community. Here’s what budget season entails and why it’s essential for all of us.

Understanding Budget Season

Budget season is the time when the community association reviews its financial status, plans for upcoming expenses, and sets priorities for the next fiscal year. It involves several key steps:

As we enjoy the long, sunny days of summer, it's easy to get caught up in the season's festivities and relaxation. However, summer is also an ideal time for property inspections to ensure our community remains safe, well-maintained, and ready for the rest of the year. Regular property inspections during the summer months are crucial for several reasons, and here’s why they should be a priority for every community association.

Preventing Heat-Related Damage

The intense summer heat can take a toll on various aspects of our properties. Regular inspections help identify and address issues before they become major problems:

As we reach the midpoint of the year, it’s the perfect time to take stock of our community management efforts. A mid-year review is essential for evaluating our progress, identifying areas for improvement, and refining our strategies to ensure we meet our goals for the second half of the year. Here’s a comprehensive guide to help you assess and adjust your community management strategy effectively.

1. Conduct a Performance Review

Start by analyzing the key performance indicators (KPIs) you set at the beginning of the year. These may include metrics such as:

Summer is a time for fun and relaxation, but it also comes with its own set of safety concerns. As temperatures rise and outdoor activities become more frequent, it's crucial to ensure that our community remains safe and secure. Here are some essential summer safety tips for community associations, focusing on pool safety, firework precautions, and outdoor grilling.

Pool Safety

Pools are a centerpiece of summer enjoyment, but they can also pose significant risks. Here’s how to keep everyone safe while having fun in the water:

The Virginia General Assembly had a busy 2024 session with several changes impacting Virginia community associations. We highlight below the new laws of greatest significance to property owners’ associations and condominium unit owner associations, which take effect July 1, 2024.

This month, the CAI Board of Trustees approved filing a lawsuit to exempt and protect community associations from burdensome requirements outlined in the Corporate Transparency Act. The suit challenging the U.S. Department of Treasury’s restrictive obligations underscores CAI’s unwavering commitment to protecting the community association housing model and its members’ interests.

Tel. Square v. 7205 Tel. Square LLC, 77 Va. App. 375 (April, 2023)

As the sun begins to shine brighter and the days get warmer, it's time to dust off those flip-flops and prepare for the eagerly anticipated pool season. For community associations, the excitement of opening the pool for residents is a cherished tradition that requires careful planning and coordination. Here are the essential steps for getting your community pool ready to welcome the community for a summer of fun and relaxation.

In a world that sometimes feels disconnected, the importance of community cannot be overstated. Community associations play a vital role in creating and maintaining a sense of belonging and togetherness among residents. These associations have the power to transform neighborhoods into vibrant hubs of interaction, support, and shared experiences. One of the most effective ways to achieve this is through organizing engaging activities that bring people together. Let's explore some activities that community associations can host to foster a sense of community:

Living in an association is more than just sharing a physical space; it's about cultivating a sense of belonging and connection with your neighbors. While individual units may be separate, the collective experience of a thriving community enhances the overall quality of condo living.

In the fast-paced world of community management, staying on top of continuing education courses is crucial. Keeping your CAI credentials current is not just a requirement; it’s a commitment to your career and the quality of service you provide.

CA Day 2024 Trade Show and Education Expo is THIS Saturday, March 16th. Do you know what classes you're attending? Save time and choose in advance. Do you have questions on due process hearings? Are you a manager or volunteer board member struggling with difficult board members? Do you have questions on all the recent legal updates happening in our industry? Don’t worry. SEVA-CAI has you covered!

Get learning!