Plus, the HOA board members have a legal responsibility to act in the best interests of the homeowners in the community. If they don’t do those things, homeowners can elect new board members who’ll do a better job or even file a lawsuit if there’s a really bad abuse of power, ...
By Article V of our Covenants, Codes and Restrictions (CC&Rs), the maintenance and management of common area landscape is the exclusive responsibility of the Board. Beginning January 2023, in the interest of preserving the appearance of our community, personal property situated on common area land...
Insurance: Your mortgage insurance is your responsibility, and your mortgage company may require you to have homeowner’s insurance. If the homeowner’s association wants an insurance payment, it’s likely liability insurance. Utilities: This portion of your HOA fees is usually for commun...
the setup is pretty straightforward, with the developer of the lots creating the association and the initial set of rules. When some or all of the lots have been sold to homebuyers, the homeowners association’s responsibility will be handed over to the residents. ...
HOA communities can be very complex. That’s why the first step is to understand each component you have the responsibility of maintaining. The blueprint to community success. Invented in 1992, our HOA Preventive Maintenance Manuals are the most robust maintenance plans in the industry. They care...
However, he says that board members should be aware of their responsibilities before joining. “The most important thing they need to know is that board members have a fiduciary responsibility to the association to use good business judgment and make decisions on behalf of the unit owners,” say...
In conclusion, the Board of Directors will continue to provide a safe environment, protect, and maintain the common areas, and provide good fiscal responsibility and good judgment. Thank you, Sam Villa President EBHA MBA, REB, BSIS, Vietnam Combat Veteran ...
For instance, if a company knows that there’s a possibility for incoming flooding or freezing, they might send out a notice to community residents. However, HOA boards may also have this responsibility; it depends on the details of your contract with the management company in question. ...
If you have not received an invoice (sent in January and July)) and believe you should have, it is your responsibility to contact the board to check the status of your account. Payments returned to the association will incur a $25 NSF fee.INFO...
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