COA
How to Handle Conflict if You’re on the HOA Board
Conflicts are not uncommon for any HOA. Since the recession, finance issues with developers, foreclosures and other unfortunate deals have left many HOA’s having a tough time getting their functionality on track. It is understandable that owning a home is a huge investment and when owners of a similar asset come together with different ideas…
What is the Function of a Homeowners Association?
Homeowners Associations (HOAs) are legal entities that are formed for the maintenance of common areas. Majority of townhome societies, condominiums and now single-family subdivisions have appointed Homeowners Associations, which are elected after the development is built to completion and most residents have moved in. When homeowners have finalized their residential documentation, they are provided Covenants,…
How to Collect and Manage Homeowners Fees
Note: NonProfit Central does not offer legal advice. These are simply options to consider with your HOA team and legal counsel. A Homeowner’s Association (HOA) is an organization created by the real estate developer during the process of property development. During the property development stage, The Homeowners Association is responsible for directing structural standards, design…
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