Tag Archive: CHARGES

Holiday Parties for Board Members – Are They Legal?

 It’s holiday time and the usual questions arise. Here is a good one from a reader:  ”Is it proper (legal under Davis Sterling or Corp Code) for B of D’s to throw themselves a holiday party for directors and their guests?  Does this not cross the line about directors not receiving “pay” for their services?  [...]

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MOVE IN-MOVE OUT FEES IN CONDOS

A question as to the legality of “move in-move out” fees is commonly asked of me. These fees are different than a security deposit commonly required of a tenant in a landlord-tenant situation. But they are commonly confused. A “move in-move out” fee would be nonrefundable. A security deposit is held during the term of tenancy and at the [...]

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