The homeowner’s association (HOA) board, often in conjunction with a property management firm, is responsible for upholding the rules and regulations of the community, collecting assessments, and using the money provided by homeowners to see to the upkeep of the community. Some HOAs are responsible for maintaining building exteriors while others limit their management of the property to common areas, including landscaping, pool areas, club...
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In a perfect world, homeowners would live up to their obligations and pay HOA dues on time and in full every month. Unfortunately, this utopia does not exist and homeowners may find themselves in delinquency for any number of reasons, from job loss to poor personal finance management. In most cases, resolving delinquencies is just a matter of negotiation, and with open dialogue the matter...
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Homeowners associations are designed to act in the best interests of a given community. When properly administered by an elected HOA board, often in conjunction with a third-party management group, the HOA helps to ensure community safety, maintain property values, and create a beautiful and enjoyable environment for all residents. As part of this overarching directive, HOAs collect fees from every homeowner to pay ongoing...
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As a member of an HOA board, you’ll generally be tasked with working with a management company (unless your community relies on the board to manage independently). Together you’re responsible for meeting federal and state laws, upholding the Covenants, Conditions, and Restrictions (CC&Rs) of your community, maintaining common areas, collecting fees, and making decisions in the interest of the community and all of its homeowners....
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