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May 2017 Archives

Tips on Collecting Unpaid Association Assessments

For many associations, assessments cover the cost of maintenance, landscaping, water, snow removal, and other important expenses. Timely payments of assessment dues are a significant part of maintaining a successful homeowners' association. The following are collection tips for associations who have members currently past due on their monthly assessments. 

Buyer Beware? Know your Disclosure Rights

As any person who has purchased a home understands, the home buying process involves a good deal of paperwork. Included in that pile is the seller's property disclosure statement. The property disclosure statement is instrumental in the purchase of a home and is expected to be a full record of pertinent information known to the sellers at the time of sale. There are certain things that must always be disclosed, such as the existence of asbestos or lead-based paint in the home. However, other disclosure requirements can vary not only by state but even by county. The following is information for Minnesota home buyers regarding what should be disclosed and what the recourse is should you find yourself in a situation where you feel you were misguided by the property disclosure statement. 

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Thompson Tarasek Lee-O'Halloran PLLC

7101 York Avenue S
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Edina, MN 55435

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