Q: I am on my HOA’s board of directors. From time to time HOA members request HOA information, and I know under N.C. laws that nonprofit corporations must maintain certain records and make them available for inspection by HOA members. Do executed contracts between the HOA and vendors fall under this right to inspection? I am all for openness and transparency in HOA affairs, but I also have a duty to properly manage the affairs of the HOA. I want to be sure before allowing a member to inspect a contract.
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
In today’s economy, many associations are being forced to look for ways to trim costs and increase income.
Here are a few ways to save: