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Barbara Holland

Barbara Holland

HOAs must file BOI reports with FINCEN

Failure and/or refusal to file timely beneficial ownership information, or BOI, reports or updates can be punishable both criminally and civilly.

FINCEN’s position unclear on HOA beneficial ownership

FINCEN may consider community managers as having substantial control under the other provisions of that regulation as well. At this time, it is unclear what FINCEN’s position on this issue will be.

A new anti-money laundering law will affect HOAs

In a recent email from U.S. Sen. Catherine Cortez Masto, she confirmed that most community associations will be subject to the Anti-Money Laundering/Corporate Transparency Act.

HOA says it can’t afford management company

You do not need a licensed manager if your board takes the responsibility of managing your association.

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HOA board wants a cut of the community game money

Our new HOA board has decided, based on information from our new management company, that from here forward they will take 5 percent of the winnings from our clubs — poker, bunco and trivia.

SNWA raises Water Smart Landscape Rebate

The Southern Nevada Water Authority has temporarily increased the Water Smart Landscape Rebate (WSLR) for homeowners from $3 to $5 per square foot of grass upgraded to water-efficient landscaping for the rest of 2024.

Why are HOA potlucks so complicated?

Q: Are there any requirements for a potluck that would be held at the community clubhouse? I received three conflicting opinions.

Homeowner gets bid but does not follow proper procedure

Per Nevada Revised Statutes 116.31086, bids must be opened and read during the board meeting. Technically, the board could disqualify the vendor’s bid.

Hot water heaters usually responsibility of condo owner

Unless your governing documents state otherwise, hot water heaters are the personal property of the homeowners. Technically, the homeowners are monitoring them and are replacing them when needed, somewhere around seven years, if they are being properly maintained. At 10 years of age, you definitely need to replace your hot water heater.

HOA board learns dog parks are expensive

We recently looked into adding an official dog park to our community with separate sections for large and small dogs. In the end we did not proceed. Here are the main reasons:

HOA budgets landscaping costs to meet SNWA requirements

Reserve specialists are supporting the use of the reserve funds allocated for landscaping to help address the changes to the landscape as mandated by the Southern Nevada Water Authority.

Homeowner wants nearby in-person HOA meetings

Associations that are conducting their meetings online do have a responsibility to improve their technology.

Homeowner wants to recall board; fire manager

Under Nevada Revised Statutes 116.3108 (2), you would need a signed petition by at least 10 percent of your homeowners calling for a recall meeting.

HOA needs to get cyber-security insurance

Yes, both your association and your master association will be required to maintain cyber-security insurance.

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