The Difference Between Non-Profit and Tax Exempt
March 21, 2014
In representing condominium and homeowners associations, I often have to correct misinformation about the nature of such entities. Recently, I have seen many members and Boards mention that their associations are 501(c)(3)’s. They are not. This is a common misconception regarding the nature of condominium and homeowners associations. In Tennessee mandatory condominium and homeowners associations…
READ MOREAssociations and Communications Technology
February 28, 2014
Following up on our last post on HB2060/SB2198, the House version of the bill has been taken off of notice for the legislative calendar, while the Senate version, as of February 19th, was assigned to a subcommittee. Let’s switch from the legislative update to an interesting development near Nashville. A lawsuit has been filed in…
READ MORE2014 Tennessee Legislative Update — HB2060/SB2198
February 7, 2014
We switch from a federal case on takings law to a bill that was filed in the Tennessee General Assembly on January 23, 2014: http://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SB2198. HB 2060/SB 2198, as proposed, would prohibit homeowners associations and condominium associations from: (1) Prohibiting any person from parking on any public street located within any county or municipality of…
READ MORETennessee Associations and Real Estate Taxes
December 16, 2013
How common areas and general common elements are treated for real estate tax purposes is often a concern for Tennessee associations. It should be noted that common areas are found in homeowners associations, and general common elements are found in condominium associations. Common areas are typically conveyed to the association. Consequently, the association owns the…
READ MORE