Archive: November 2017

More and more people are considering entering into a postnuptial agreement – also known as a reconciliation contract – in order to take a pause before moving forward with divorce, especially in states like Florida, where the law does not provide an avenue for formal, legal separation.

To be clear, a postnuptial agreement is an agreement couples enter into after marriage (in contrast to a prenuptial agreement, which is drafted and signed by both parties before marriage). They can be entered into at any point after getting married, and in this way, can serve as a template or blueprint which allows a couple to take time to try and work on any issues in the marriage (such as financial and/or asset-related issues) before moving forward with a formal divorce.

Benefits

Because Florida does allow couples to enter into valid separation agreements if divorce is imminent, these postnuptial agreements tend to prescribe the terms of a split if reconciliation fails, including the relevant financial arrangements, and are selected when divorce isn’t yet imminent. More and more, couples are finding that these agreements are a more acceptable means of moving towards what they want because:

When it comes to monthly dues and homeowners’ associations, questions come up frequently; both from executives dealing with homeowners who aren’t paying yearly dues; and from homeowners wondering whether there are circumstances that allow them to withhold monthly dues.

When it comes to homeowners’ dues, property managers, presidents, and other executives have a fiduciary duty to ensure that all owners stay current with their dues. The failure to do so could lead to a Pandora’s Box of issues, whereby other owners follow suit and fail to pay dues as well.

Owners Failing To Pay Dues

Most legal documents signed with homeowners’ associations, as well as state laws, allow associations to file liens against owners for failing to pay their dues. Another option for the association is to foreclose on the owner. Regardless of the option pursued, working with an experienced homeowners’ association attorney in your area is necessary, noting that, in most circumstances, the association can also recoup its legal fees for having to file against the owner.