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Why is Managing Conflict So Important?

Lauren Peddinghaus What We're Thinking About Lately... 15 March 2010

While every condominium association is a community, the underlying structure is also a non-profit business.  For that reason, the principles of small business apply to every condo association.  And certainly, conflict is a reality for condominium associations.  Tomi Wahlstrom of Otavala Consulting explains why managing conflict is important for any business..

Every business that employs people regardless of size and industry experiences interpersonal and organizational conflict. This conflict is caused by multiple inter-related variables and circumstances. For example, some of these causes include constant changes in the competitive environment, increasing diversity among employees, and limited resources. As a result of these changing variables managing conflict is important in many ways. First, it is important because unmanaged conflict can have expensive legal consequences as people seek litigation as a way to resolve disputes. Second, managing conflict is important because

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Is Your Board Legit?

Lauren Peddinghaus What We're Thinking About Lately... 13 March 2010

John and Jane Dover, a married couple, live at 1234 W. Chicagoland St. 

John Dover's name appears on the warranty deed for the property, Jane's does not.

John is the President of his 6-unit association, while Jane serves as the Treasurer.  There are three Board members total.

What's wrong with this picture?

John and Jane cannot serve on the Board together for two reasons.

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Tax Deadline is Approaching!

lauren peddinghaus What We're Thinking About Lately... 20 February 2010

Tax returns for condominium associations are due March 15, 2010.  EVERY association is required to file a federal Form 1120 or 1120-H.  Associations with federally taxable income must also file an IL-1120. 

Your association is a business, treat it accordingly.  That means filing your income tax returns every year!

 

  1. City Cracks Down on Overflowing Dumpsters
  2. Condominium Issues in a Distressed Economy
  3. Need Help With Seriously Delinquent Owners?
  4. Extension on Home Loan Limits, First-Time Homebuyer Credit

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"Ask the Expert"

Who is responsible for replacing broken windows in a unit?

Q. One of our units is in bad shape. We have had an issue with pests. When Orkin went to the unit, there were two windows that are broken that face the alley. They are covered with cardboard, which is soaked with water and mildewed.

Who is responsible for replacing a broken door?

Q.  The sliding glass door to my outside patio is broken and needs to be replaced or repaired. Is it the association's responsibility to handle this?

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