A Case Study in HOA Board Failure: Telford v. Sagewood Homeowners Association
You’ve heard it before: As an HOA board member, you have a fiduciary duty to the owners. And though it’s hard to sometimes make the tough decisions, be impartial, or be the bad guy or gal, it’s part of your job description.
…
FL: How to stop a condo complex’s slide into a slum
How do you end the condo death spiral? Hire an aggressive debt collector, renegotiate any payments going out the door and act diplomatically while you put in more hours than at your day job.
Authors: Community Associations Network National
…
Duty vs. Neighbors
Balancing Relationships with Responsibilities
Getting elected to the board of one’s co-op or condo building is usually a very positive thing: it gives a person the chance to play a part in the preservation of their community, and also gives them the opportunity to leave it in better shape than when they started. But great power comes with great responsibility that must be utilized properly. Board members can suddenly find themselves in tough spots when figuring out how to balance their status and fiduciary duty with relationships that may predate their position of authority.