CAN DECLARANT’S RIGHTS BE ASSIGNED?
January 11, 2017
Often we are asked to address questions of whether declarant’s rights in a development can be or have been assigned. The Tennessee Court of Appeals recently addressed this question in Civis Bank v. The Willows at Twin Cove Marina Condominium and Home Owners Association, Inc. (No.E2016-00140-COA-R3-CV). Before addressing the case, it is important to address…READ MORE
You are cordially invited to our next HOA Seminar on Tuesday, September 20, 2016, at 11:15AM…READ MORE
Must an Association file federal income taxes?
May 12, 2016
In Tennessee, homeowners associations and condominiums associations are generally formed as non-profit corporations. This means that they are corporations that are not intended to make a profit; they are not “businesses”. They are not charitable organizations. Homeowners associations and condominium associations must file federal income tax returns, just like any other corporation. However, because of…READ MORE