💰   RATES   💰

What’s your Reserve Fund’s Average APR?

• Look at the absolutely BLISTERING short-term rates below…

• First graphic: 3 month to 10 year US Treasuries and brokered CDs

• Second graphic: 4-week T-Bill

🏁   NOMINATIONS   🏁

WSCAI (WA State Chapter) is seeking candidates for its Board

• There is ONE at-large position available for homeowner candidacy

• Submit your candidacy by Tuesday, September 20, 2022

• All volunteer directors are equal peers that have the same voice and vote.  

• All governance is intended to be conducted in open meetings (except for specific confidential matters defined by statute).  

• So many truths need to be realized across all CICs.  It's a daunting task.  Will you take up the gauntlet?  

The General Assembly finds as follows:

• Managing condominium property or common interest community property is a complex responsibility.

• Unit owners AND persons charged with managing condominium property or common interest community property may have little or no prior experience in managing real property, operating a not-for-profit association or corporation, complying with the laws governing condominium property or common interest community property, and interpreting and enforcing restrictions and rules imposed by applicable instruments or covenants.

• Unit owners may not fully understand their rights and obligations under the law or applicable instruments or covenants.

• Mistakes and misunderstandings are inevitable and may lead to serious, costly, and divisive problems.

• Effective education can prevent or reduce the severity of problems within a condominium or common interest community.

• Anecdotal accounts of abuses within condominiums and common interest communities create continuing public demand for reform of condominium and common interest community property law.

• This results in frequent changes to the law, making it difficult to understand and apply, and imposes significant transitional costs on these communities statewide.

• By collecting empirical data on the nature and incidence of problems within these communities, this Act will provide a sound basis for prioritizing reform efforts, thereby increasing the stability of condominium and common interest community property law.