Florida Building Collapse Highlights Risk for HOA Directors and Officers
The collapse of the Champlain Towers in June brought up many concerns for D&O exposures for HOA members.
September 06, 2021 at 06:33 AM
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Gary W. Griffin, ARM and Alan P. Schreibman, ARM The recent initial collapse and ultimate demolition of the 40-year-old, 136-unit Champlain Towers condominium buildings in Surfside, FL has generated renewed concern for homeowners association (HOA) directors and officers responsible for making decisions about the inspection and maintenance of the association’s buildings and equipment. This article addresses the obvious and perhaps not-so-obvious conditions that can cause such a disaster, steps that HOA directors and officers can take to identify and minimize hazards, reduce the likelihood of lawsuits, and protect the association and its directors and officers from liability.
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