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What is a “management company,” what do they do, and how do I reach them?
A management company assists owners/Board of Directors in managing properties. We handle accounting, budgets, minutes, bylaws, delinquencies, and facilitate meetings between Board of Directors and owners or Board of Directors and attorneys.
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What is a homeowner’s association?
A homeowner's association (HOA) is an organization in a subdivision, planned community or condominium that makes and enforces rules for the properties within its jurisdiction. The purchase of the property automatically makes the homeowner a member of the HOA and dues are required.
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What are the Bylaws?
Bylaws are rules made by the developer to control the actions of its members (homeowners).
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What is the Board of Directors?
A board of directors (B of D) is a group of individuals, elected to represent owners. A Board’s mandate is to follow bylaws for the homeowners association and make decisions on major issues (i.e. budgeting, securing or maintaining property). In general, the Board makes decisions as a fiduciary on behalf of owners.
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Are there any other rules?
Often times there is a governing association (or “parent”) which will have a Declaration of Condominium. As time goes by there may or may not be amendments to the Bylaws or Declaration of Condominium.
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If I am having a problem with a neighbor for a violation of the Policies and Guidelines, what can I do?
Come to a Board meeting or send an email stating your concerns.
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Are Board Meetings open to all residents? If so, where and when are they held?
Yes, Board Meetings are open to all residents. Contact us.
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What is my dues/assessment?
Dues and assessments are fees paid to your association for care of your grounds, insurance, or improvements.
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How is the amount of my dues/assessment determined?
Your Board of Directors will review the past years expenses and determine the following years goals. The costs are averaged and divided by the number of members.
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Will my dues/assessment go up?
The costs can rise based on the Board of Directors future projects. However, they cannot be raised without a vote.
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What happens if I do not pay my dues/assessment?
If you don’t pay your dues/assessments foreclosure can happen.
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What expenses are paid with dues?
Each association is different, but typically trash, electricity, common grounds (lawn, flower beds, trees), storm drain, water, insurance, attorney fees, subcontractors and management fees.
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Who determined the assessment amount?
The developer has determined the assessment based on past year expenses.
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Who makes the decisions about association matters?
Board of Directors
