Do HOA fees go up? It is normal for fees to increase over time as economic factors and association needs evolve, but that does not mean boards can raise dues without thought. Homeowners have a right to understand why their fees are going up. Meanwhile, boards must know the proper way to raise fees to…
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An HOA insurance policy review is a critical component of every yearly plan. Board members must sit down and evaluate all current policies to identify any gaps that need to be addressed. A review can also help pinpoint any underlying issues with coverages and risks. Unfortunately, not all HOA boards know where to even begin…
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An HOA end of year checklist is essential in setting the tone for the new year. As December rolls to an end, board members are gearing up for what’s ahead. They must get the association’s finances in order, maintenance plan, renew contracts, and more. Without a checklist to keep everything structured, essential tasks can easily…
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HOA board member reimbursement is one of those things that sparks questions in almost every community. Some people see it as shady, while others see it as totally normal. The truth is, board members do sometimes spend their own money on small items the HOA needs. The real question isn’t whether it happens, but whether…
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The obligation to pay HOA assessments often comes up in discussions among board members and homeowners. Special assessments, in particular, always create strong opinions because they are usually unexpected and, in many cases, expensive. That said, when it comes to assessments, the board needs to understand the rules, the obligations, and the consequences that follow…
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The topic of majority in the HOA board comes up more often than people might expect. And in many cases, it can completely shape how the board acts and also how the community feels about decisions. But majorities can be dangerous, especially if the board consistently defaults to it, no matter their opinion or viewpoint.…
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Every community should come equipped with HOA and condo fire insurance. It’s an association’s first line of defense against financial ruin when tragedy strikes. Far too often, association boards fail to maintain up-to-date coverage, resulting in unwelcome surprises and fiscal instability. What is HOA and Condo Fire Insurance? HOA and condo fire insurance is…
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Can you refuse to join a homeowners association? The answer depends on the type of association. Potential buyers should learn as much as possible about the home they wish to purchase. Similarly, board members should focus on educating current and future homeowners on the expectations and obligations that come with HOA membership. Can You…
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When it comes to HOA board member age, many wonder if there is a legal requirement. Many associations are apprehensive about letting young residents lead, but having young members on the board can offer numerous benefits. Is There an HOA Board Member Age Requirement? Every homeowners association has a set of leaders at the…
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When boards need funding for projects, HOA grants often come up as a possible solution. These grants can ease the burden on homeowners by helping cover the cost of specific improvements. While they are not always easy to secure, they can provide ample support. What are HOA Grants? Grants for homeowners associations are financial…
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