Homeowners Association: A Real World Example First-Time Home Buyer Stories - Homeowners Association Imagine a first-time home buyer purchasing a property in a condo building. A homeowners association manages the building and, after settlement, gives the buyer a detailed handbook of community rules, ...
Many HOAs run executive sessions after an open HOA meeting - an annual meeting or the board meeting. However, the board may also call these sessions to discuss an urgent matter as well. Because of the confidential nature of the executive session, minutes from the meeting are not available ...
“Of course,” says Moriarty, “the mere fact that the board is obligated to call a meeting and conduct an election does not mean that it will do so. In the event a board fails to voluntarily call an annual meeting, unit owners have several options: an owner can start by requesting th...
Under the prior law, a board could make decisions or take an action without a meeting if each member of the board either: (1) voted for the action, or (2) waived the right to demand that the decision/action be made or taken at a meeting and either voted against the action or abstai...
“Being proactive can mitigate many potential conflicts,” agrees Jaime Sikorski, vice president of management for AKAM, a property management company with offices in New York City and Florida. “Annual or bi-annual goal-setting by the board is a helpful best practice. Not only does this keep...
annual meeting, there is a failure to elect a sufficient number of directors to conduct the business of the corporation, the board shall call a special meeting for the election of directors. If such special meeting is not called by the board within two weeks after the expiration of such ...
If suspicions rise, board members may become defensive and try to close channels of communication, but statutes mandate “open books” are maintained…literally. Flynn explains, “In an extreme case, you can file an injunctive action to see the association’s records. As an example, we took ...
Residents, too, can get more involved. One of the reasons rogue board members get that way is because they detect a feeling of apathy among residents. “Residents should really go to meetings, but most of them don’t,” Patti says. “We recently had an annual meeting for a master associ...
1. formative purpose2. empowerment of homeowners3. City contributionDiscussionConfirmation of quorumTurnover of the AssociationResignation of Developer Board in favor of Homeowner BoardAdjournmentAttendees: Glenn Martin LandstarJudy Cox
“It will dramatically expand recordkeeping,” Cohen says, requiring both pre- and post-’84 associations keep more paperwork for longer periods of time. Ballots and proxy votes, for example, need to be filed for one year. There will be “a lot more open meetings where unit owners can par...