All Posts By

prompt

What is a COA HOA Budget

By | Homeowners | No Comments

How Does The Association Operating Budget Work At a COA (Condo Owners Association)/HOA (Home Owners Association)? What Are Regular Assessments? An Association creates an operating budget that projects the money needed to fund: Operating expenses Reserves for repair and replacement of the common elements the COA/HOA is responsible. Associations are…

Read More

Association Legal Bills – A No Win Situation

By | Condo Owners | No Comments

ASSOCIATION LEGAL BILLS – A “NO-WIN” SITUATION? The effects of a financial crisis from unpaid assessments can be devastating to a condominium or homeowner board. Property values drop. Services are cut. Unfortunately, collecting assessments is confusing, frustrating and expensive. Many Associations use law firms for help with collections, but legal…

Read More

Amending COA & HOA Governing Documents

By | Condo Owners | No Comments

How Can COA & HOA Governing Documents Be Changed or Amended? TYPES OF DOCUMENTS Condominium Owner Associations (COAs) and Home Owner Associations (HOAs) are typically managed by these documents: Articles of Incorporation Bylaws Declaration or Master Deed, including Covenants, Conditions & Restrictions (also referred to as CC&Rs) Rules and Regulations…

Read More