your HOA board holds regular meetings during which it votes on changes to the rules. Study your master deed, your CC&Rs and rule changes to verify that there are regulations concerning your particular
The format follows Robert's Rules of Order and is used for everything from club and business meetings to government meetings. For annual HOA (Homeowners' Association) meetings, minutes provide a record of decisions and actions of the HOA board. By taking notes and recording the meeting, the ...
The format follows Robert's Rules of Order and is used for everything from club and business meetings to government meetings. For annual HOA (Homeowners' Association) meetings, minutes provide a record of decisions and actions of the HOA board. By taking notes and recording the meeting, the ...
When HOAs raise issues with homeowners, they may be resolved quickly or go on for months. Before buying a property with an HOA, ask your real estate agent if they're aware of any known issues and/or you can review recent board meeting minutes. You might get a better sense of some comm...
At our first HOA meeting in May, we realized that we hadn't been paying our fees through the mortgage payment's escrow account as I'd (somewhat stupidly) thought we were. Luckily, we're in a small HOA, and they were very understanding and didn't charge us a late fee. We owed just...
An HOA is a non-profit corporation designed to run as a business. Community association managers have a duty to act in the best interest of the membership—not themselves. They must treat everyone fairly and make consistent decisions based on standard practices rather than personal opinions and ...
When an HOA looks at revising its subdivision covenants (sometimes called CCRs, declaration, restrictions, restrictive covenants, master deed, or indenture), the board and its attorney generally find a paragraph toward the end of the covenants that requires that the owners of amajorityof lots–or...
A conference room you can rent out for the occasional board meeting? A virtual office gives you the benefits of a physical office without the overhead. For just $29 a month, you get unlimited mail forwarding, a unique mailing address and suite number in a commercial building, a month-to-...
Know the HOA rules, whether the home purchase is for your primary use or an investment.Can you rent the property out? How many units can you own? Also, evaluate what the HOA requires. Get into the nitty-gritty details.Can you paint the condo? How many cars may park at the condo? Wh...
These programs tend to have strict requirements, such as being a first-time homeowner, working in a certain profession, buying in an eligible area, and meeting other lending criteria like a minimum credit score. Finally, you can also ask for seller concessions, which may include the seller pay...