CAI-NJ June 2021

TRANSITION... from page 56.

accountant reviewing the develop- er’s initial control of the association’s finances, a board will be limited in its ability to determine any anomalies or missing funds. Ignoring these issues and simply hoping they do not exist is almost certainly a breach of a board’s fiduciary duty. However, if boards use

COMMUNITY TRENDS ® ADVERTISING DISCLAIMER: The management of the New Jersey chapter of Community Associations Institute, Inc. (CAI-NJ) and Brainerd Communications, Inc. reserve the right to reject any advertisement for any reason at any time. Further, CAI- NJ and Brainerd Communications also reserve the right to place the word “Advertisement” with advertising copy that could or may be mistaken for edito- rial or news copy. In addition, CAI-NJ reserves the right to add a disclaimer to any advertisement in cases where a disclaimer may be necessary to protect the rights of CAI-NJ and Community Trends ® . The advertiser will be informed by Brainerd Communications before such action occurs. Member advertis- ing rates are based upon the advertiser being a member in good standing of the New Jersey chapter of the Community Associations Institute. Each member or entity is solely responsible for main- taining its status as a member in good standing. In addition, advertisements contained within this magazine reflect the opinions of the respective advertiser, and not necessarily those of CAI-NJ, Community Trends ® or Community Associations Institute. Information con- tained in Community Trends ® advertise- ments should not be construed as a rec- ommendation for any course of action regarding financial, legal, accounting, or other professional services. Advertisers are solely responsible for the content of their advertisements, including the validity of any certifications, designa- tions, and/or licenses. CAI-NJ assumes no liability for false, malicious or mis- leading advertisers. Neither CAI-NJ nor Community Trends ® guarantees the position of placement of submitted ads. Be advised that CAI-NJ will not accept advertisements that are in direct con- flict with the mission, products or ser- vices offered by CAI-NJ. CAI-NJ is not responsible for determining the valid- ity of designations, certifications and accreditations listed directed by adver- tisers. Please send, in writing, any con- cerns about the content of advertising in Community Trends ® to the address below (Attn: Editor). Community Associations Institute, New Jersey Chapter, Inc. (CAI-NJ), 500 Harding Road, Freehold, NJ 07728 some of the above methods to stream- line the process and keep costs down, they should be able to realize a suc- cessful transition with their sponsor/ developer and set their community up for long-term financial stability and functioning infrastructure. n

determine if there are latent defects in construction that might someday lead to catastrophic damage and require possibly bankruptcy inducing special assessments to remediate.Without an

tech touch value LEVERAGING TECHNOLOGY TO STREAMLINE COMMUNICATION, OPERATIONS AND REPORTING. CULTIVATING RELATIONSHIPS TO ENSURE HIGHLY SATISFIED ASSOCIATION RESIDENTS AND STAKEHOLDERS. PRESERVING AND ENHANCING VALUE THROUGH BEST-IN-CLASS SERVICES.

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