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As a community board member one of the most important duties you have is to make sure you don't waste or lose funds entrusted to you by your neighbors.
The community association industry is still losing millions of dollars annually to small and large scale acts of theft. What your association can do to minimize risk.
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For many of the nation's 351,000 homeowner associations, January through March is a time for welcoming newly elected board members. But what happens next can define the success or failure of the community. Ultimately it is the elected board that is responsible for governance, leadership, and decision-making. One brief hour of orientation or education can make all the difference. Not just for newly elected members but also the entire board.
If a homeowners' association has pet rules that place restrictions on animals residents are permitted to keep or own, you might be surprised to find out that there are situations where enforcing these restrictions can be a direct violation of federal law, and cost the association significant sums for damages, fines and attorney's fees.
Members Only Articles
Do and Don'ts for Chosing the Right Tree Service for Your HOA
In order to operate a successful community association, there are many important facets of association governance that must be understood and implemented by its board of directors. One of the most important is the budgeting process.
Additional steps you can take to avoid costly Director's & Officer's insurance claims.
Steps you can take to avoid costly Director's & Officer's insurance claims.
It's Your Home and Your Community. Are You Participating in Decisions That Affect Your Greatest Investment?