The buck stops with the board of directors. When you strip out all of the politics and the neighbor issues and everything else, in your association you realize that ultimately the buck stops with the board. The board is elected by the members to accomplish the tasks required of the corporation by the governing documents. […]
One of the main complaints of owners in HOAs is lack of communication by the association. For example, owners who are not kept well informed will balk when it becomes necessary to raise additional funds. Even if the board has discussed the need for these funds at its previous ten board meetings, owners who did […]
Another main function of the board is to maintain common area within an association. Common area may include greenbelts, floral landscape, open space areas, recreational facilities and streets. The funds for maintaining these areas are generated through collection of assessments. The decision on how this maintenance is performed is left up to the board. The […]
Another important function of the association’s board of directors is to enforce governing documents. Unfortunately this function is often viewed with disdain by owners against whom enforcement is being sought. Owners on the receiving end of enforcement proceedings often feel that they are being unfairly singled out. When taking action, an association’s board must strive […]
Part of a board member’s fiduciary obligation is to protect the assets of the association. In addition to money in the bank, these community assets may include tennis courts, golf courses, pools, tot lots, utility rooms or other recreational areas within the association. Often these assets are valued in the millions of dollars. In attempting […]
The first thing to remember when living in an association is that you are a neighbor to someone. If nothing else, your neighbors all likely share at least one common desire: to live in your community. Owners may have bought in the community for its location to certain schools, the layout of the homes, its […]
There are hundreds of thousands of Homeowners Associations (HOAs) in the United States. Did you ever stop to think about how these HOAs arose? Most new developments in fairly developed areas are required to form an association before the local government will sign off on the development or permit any construction to begin. A home […]