HOA FAQ's
What is an HOA?
An HOA or Homeowner Association is a legal entity, usually a corporation, created to govern activities, behavior, as well as manage and maintain the common areas of a community. Typically these "common areas" consist of wetlands, preserves, streets, parkways and areas not owned by the homeowner, but owned by the HOA.
HOAs can consist of single family homes, condominiums, or townhomes and are typically set up by the original developer of the community with a set of rules, in our case called "Declaration of Restrictions", "Articles of Incorporation" and "Bylaws".
One of the primary functions of the HOA is to enforce and ensure compliance to regulations by lot owners and their guests. The guiding principles of these regulations are normally to help maintain property values and the quality of life within the community.
The deed to each lot and/or parcel specifically designates that the property owner will comply with the Declaration of Restrictions of the Association. To learn more about this topic, please refer to Articles of Incorporation or the Declaration of Restrictions found on this website under GOVERNING DOCUMENTS & FORMS.
What is the difference between the HOA and the Board of Directors?
The Homeowners Association (HOA) consists of all owners within the geographic boundaries of the HOA. Each and every owner is a member of the HOA and membership is mandatory. The Board of Directors consists of those owners who have been elected by the residents at the annual HOA meeting. The Board of Directors have the fiduciary responsibility to operate, maintain, manage and improve the common areas, implement and enforce the provisions of the Declaration of Restrictions and to promote the health, safety and social welfare of the owners.
How Does HOA Property Management Help Me?
A professional Homeowners Association Management firm can be the difference between a thriving, vibrant community, and one in constant turmoil and despair. The one major thing that management companies DON’T do is make decisions on the board’s behalf. Most management companies will have their own systems that can be adapted to each homeowners association, and these systems are designed to make the community organization as successful as possible. Some key services property management provides include:
An HOA or Homeowner Association is a legal entity, usually a corporation, created to govern activities, behavior, as well as manage and maintain the common areas of a community. Typically these "common areas" consist of wetlands, preserves, streets, parkways and areas not owned by the homeowner, but owned by the HOA.
HOAs can consist of single family homes, condominiums, or townhomes and are typically set up by the original developer of the community with a set of rules, in our case called "Declaration of Restrictions", "Articles of Incorporation" and "Bylaws".
One of the primary functions of the HOA is to enforce and ensure compliance to regulations by lot owners and their guests. The guiding principles of these regulations are normally to help maintain property values and the quality of life within the community.
The deed to each lot and/or parcel specifically designates that the property owner will comply with the Declaration of Restrictions of the Association. To learn more about this topic, please refer to Articles of Incorporation or the Declaration of Restrictions found on this website under GOVERNING DOCUMENTS & FORMS.
What is the difference between the HOA and the Board of Directors?
The Homeowners Association (HOA) consists of all owners within the geographic boundaries of the HOA. Each and every owner is a member of the HOA and membership is mandatory. The Board of Directors consists of those owners who have been elected by the residents at the annual HOA meeting. The Board of Directors have the fiduciary responsibility to operate, maintain, manage and improve the common areas, implement and enforce the provisions of the Declaration of Restrictions and to promote the health, safety and social welfare of the owners.
How Does HOA Property Management Help Me?
A professional Homeowners Association Management firm can be the difference between a thriving, vibrant community, and one in constant turmoil and despair. The one major thing that management companies DON’T do is make decisions on the board’s behalf. Most management companies will have their own systems that can be adapted to each homeowners association, and these systems are designed to make the community organization as successful as possible. Some key services property management provides include:
- Enforce Home Owner Rules
- Enforce HOA Regulations
- Collect home owner dues
- Oversee board approved renovations and upgrades to the property
- Coordinate and supervise service contracts and trades work at the property
- Attend to emergency issues
- Handle the financial matters of the HOA
- Provide detailed monthly accounting statements to the board
- Work with board/attorneys to collect unpaid homeowner dues
- Report on and review with board any necessary capital repairs