|
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 us for a no cost
initial consultation regarding any legal matter.
|
