It is a legal document that outlines the rules, regulations, and restrictions that govern the community. Decoding HOA Governing Documents: The DeclarationĪ Declaration is an essential part of the governing documents of a homeowner’s association (HOA). This entry was posted in Community Association, Condo Association Management, Financial Management, HOA, HOA Board, HOA Documents, HOA Management, HOA Meetings, HOA News, Property Management, Uncategorized on Novemby Kory Ladd. ![]() Goodwin and Company can provide professional management services to assist HOAs in correcting these issues and designing a brighter way forward.Ĭontact us today to learn more about our services. Whether you’re a homeowner or part of an HOA board, or both, a collective effort to avoid these mistakes and follow the provided tips can lead to a better quality of life for everyone in the community. Let Goodwin and Company Take the Leadīy proactively following these tips, HOA boards can help to create and maintain thriving communities. Be proactive in managing your HOA’s finances, maintaining the common property, and enforcing the rules. ![]() Don’t wait until there is a problem to take action. This training can help board members learn about their duties and responsibilities and how to avoid common mistakes.īe proactive. There are a number of organizations that offer training for HOA board members. A professional management company can help you to avoid many common mistakes and to ensure that your HOA is run efficiently and effectively. If your HOA is large or complex, you may want to consider hiring a professional management company. Hire a professional management company like Goodwin and Company. Ensure all residents are aware of the conflict resolution process and how to access it.īy avoiding these common mistakes, HOA boards can help to ensure that their communities are well-managed and that homeowners are happy with the services they receive.Develop a conflict resolution process that is fair and impartial.It is important for the HOA board to have a conflict resolution process in place to help homeowners resolve their differences peacefully. Mistake #6: No Conflict Resolution Processĭisputes among homeowners are inevitable. Hold open meetings where homeowners can participate in the decision-making process.Make all financial records available to homeowners upon request.The board should be transparent about its finances and decision-making process. Homeowners have a right to know how their HOA is managed. Hold regular town hall meetings to answer homeowner questions and concerns.Establish and use your communication channels: newsletter, community texting, website and/or social media page.The board should also be responsive to homeowner concerns. The board should keep homeowners informed of upcoming meetings, important decisions and financial matters. Mistake #4: Not Communicating with HomeownersĬommunication is essential for a successful HOA. Establish a process for handling violations and enforce it consistently.Make sure all homeowners are familiar with the HOA rules and regulations.It’s essential for the board to enforce those rules fairly and consistently. ![]() HOA rules and regulations are in place to protect property values and quality of life in the community.
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