CAI-NJ August 2021

MANAGEMENT TRENDS... from page 54.

ABDM Property Management cares to listen to our clients. We exclusively serve Somerset, Mercer, and Middlesex Counties . • Customized property management plan to meet the demand of customers. • Accurate and timely financial reporting on monthly basis. • Vendor selection with no conflicts. • Certified managers who are committed to provide the highest quality of service in the industry. • Reliable and available at all times to Board members, and residents. Call 908-752-0374 or www.ABDMpropertymanagement.com

world, new standards and best prac- tices will evolve in order to adapt to the demands of homeowners (both existing and prospective), which allow for a contemporary lifestyle unique to each community. First Steps: What rules are currently in place and are they relevant to your commu- nity’s lifestyle? Each community has its unique “personality”, which has developed over time and which fits its homeowners. While some restrictions are difficult to change (those con- tained in the community’s governing documents), rules and regulations, generally, can be amended by the community’s board. Oftentimes, com- munity rules have been in place for decades without a comprehensive “30,000-foot view” of what is rele- vant and important today and gen- erally what lifestyle is enabled by the rules. One of the things that the pandemic has taught us is that restric- tions should be measured against the down-side, and fit together to create a flexible yet cohesive set of standards to achieve a purpose. Are they Consistent and Enforceable: In some instances, rules may have been augmented over the years with new rules that conflict with those already in existence (including restric- tions contained in the master deed, proprietary lease or declarations), which are unclear, or which are unen-

We’ve Got Your Community Covered Insurance and Risk Management Solutions for CAI Members At USI, our condominium specialists combine proprietary analytics, broad experience and national resources to custom-fit an insurance and risk management plan that meets your needs. For decades, our team has been providing the solutions and services that CAI members count on to protect their communities. We’d like to do the same for you.

USI Insurance Services 40 Bey Lea Road, Ste. A201 Toms River, NJ 08753 800.596.5252

www.usi.com

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