The Property Management Company
You Hire Makes a Difference.







 
Loading

Why You Should Run For Election to

the Board of Directors of Your HOA


Written by Attorney Michael T. Chulak

Some homeowners run for their board for the wrong reasons. Some homeowners run for their board for the right reasons. One thing is certain - If you are elected to your board, you will share the power to make decisions about what is probably your largest asset - your home.

Board members have many powers. Boards:

Decide how assessment income of the association will be spent. The money can be spent wisely, or it can be wasted
   
Determine who will be hired to perform:
   
Property management services
   
Landscape maintenance
   
Building maintenance
   
Cleaning
   
Legal Services
   
Tax returns, reviews and audits
   
Establish the agendas for each meeting
   
Are responsible for the accuracy of meeting minutes
   
Schedule elections and make certain they are conducted fairly and in accordance with California law
   
Establish necessary operating rules
   
Select and work with the association's attorney to minimize delinquent assessments
   
Approve or reject architectural improvement applications
   
Are responsible for CC&R and Rules enforcement
   
Are responsible for HOA legal compliance
   
Are responsible for holding and conducting meetings in accordance with California law
   
Are responsible for budgeting and obtaining Reserve Studies so that adequate reserves are developed and special assessments avoided.
   

If you are elected to your association's board, you will participate in all important decisions. If you are not on the board, you will not be in a position to participate in the important decisions affecting the value of your home and how your money will be spent.

Call Michael T. Chulak & Associates at (818) 991-9019 or (800) 565-2232 for a no cost initial consultation regarding any legal matter.



All contents ©2016 CoastManagement.net. All rights reserved.