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 […]
Fiduciary duty. We’ve all heard, but do we really know what it means? One very important thing to remember when living in an association is that the board is made up of owners. The difference is that these owners have volunteered their time to serve the community. They work hard to uphold aesthetic standards and […]
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 […]
With hundreds of thousands of HOAs in the United States, there are plenty of misconceptions about them in the wild. With education, these misconceptions can be dispelled and the reality and usefulness of HOAs can be further explored. Here are some of the common misconceptions about HOAs that should be dispelled followed by reality and […]
We all know and love our HOAs, but do we really understand an association’s purpose? There are two essential purposes which lie at the heart of every association: The first purpose is to maintain any common areas or maintenance easement areas (areas owned by an owner but maintained by the association) which exist within the […]
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 […]
I’m currently on a plane heading to New Orleans for the 2016 CAI CCAL National Law Conference while reviewing the notes for Elina Gilbert and my presentation about HOAs in the media this Friday (January 29, 2016). If you are attending our session this Friday I’d like to ask you to think of recent news […]
We’re doing some housekeeping here as we transition into a new look and add some old and some new information on common interest developments / HOAs. Thank you for your patience as we get things back up and running!