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Community Association Meetings: What You Need to Know
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For those who own property in homeowners’ associations, it is important to understand the different types of association meetings that take place throughout the year. It is especially important that board members not only understand the different types of meetings but the rules surrounding who can and should attend these meetings, h...
How to Handle Increasing Member Assessments
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Having a proper, fiscally responsible budget in place is necessary for the successful operation of any homeowner’s association. Just as with any budget, income and expenses must be considered - for an HOA, this income mainly comes in the form of owner assessments. When projecting yearly expenses for an association, those serving on ...
Making Meetings Count: How to Reach a Quorum Through Proxies
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Annual and special meetings require homeowner votes for new board members, assessment increases, capital improvement projects, and amendments to the association’s governing documents. The goal is to reach a quorum—a minimum number of members who must be present for business to be validly transacted.Some community associations ...
What to do if There are Insufficient Reserve Funds
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What are reserve funds and what are they used for? Reserve funds are broken down into capital and non-capital expenses; capital would be replacing a roof; non-capital would be painting. These are IRS terms really, but for HOAs reserves are in general a savings account saving up to take care of long-term repairs and replacement &mdash...
How to Increase Homeowner Participation in Your Community
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Homeowners can often have differing views of their community associations — some positive, some negative —  depending on their source of information and experiences in the community. New homeowners that buy a home that has an HOA may not fully understand the positive impact the association can have on their experience liv...