Making Sense of Association Meetings: How Communities Conduct Business

Developing an annual budget is one of an HOA board’s most important responsibilities. The decisions made during budget season affect everything from routine maintenance and community services to major repairs, reserve funding, and the association’s long-term financial health. But building a strong budget is becoming more complicated. Insurance, utilities, labor, construction, and maintenance expenses can […]

Budget season has a reputation for showing up all at once: last year’s actuals need review, vendor assumptions need updates, reserve questions need answers, and homeowners want to know what any assessment change means for them. The pressure is real. But the best response is not to move faster through the same old process. It […]

There are five sets of documents prospective homeowners should request before buying a community association home. These documents will give you the clearest picture of what you’re stepping into.

Homeowners associations maintain common areas, provide services and amenities, set aside reserves, and meet legal and contractual obligations. The vast majority of a community association’s day-to-day operations and long-term financial health are funded through assessments paid by homeowners. Clear communication and consistent practices are critical for homeowners and board members.

Community association board members no longer must report personal information to the federal government under the Corporate Transparency Act. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a final rule Aug. 11 permanently removing beneficial ownership information reporting requirements for U.S. companies and individuals.