Tag Archives: letter

Covenant Enforcement Made Easy

Enforcing covenants of an association is one of the most difficult jobs a board of directors must embark upon, while at the same time being one of the most critical functions of the board. Most declarations of common interest communities specifically state that the purpose of the association is to protect and enhance property...

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Associations Using CPA’s: Is it Really Necessary?

Although homeowner associations are created as nonprofit corporations, this does not mean the associations do not engage in financial transactions or require the services of a certified public accountant (CPA). For example, it is common for an association’s governing documents to require a financial audit or review on an annual basis, and associations are required to file tax returns every year. Further examples of situations in which it may be beneficial to consult a CPA include:

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Architectural Design Review

 

Most community associations have a set of guidelines that spell out its architectural design standards and review processes.  These guidelines should reflect a balance between individual rights and the good of the entire association.  They generally explain:

  • The association’s authority to review designs.
  • Changes that must be approved.
  • The design review process.
  • The...
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Undoing a Bad HOA Management Agreement: Discussion Forum Follow-Up

A reader writes, “In 2008 our president signed us onto a contract with a management company. In 2010, a second president resigned and went into foreclosure, moving without a clue to the rest of the HOA. My boyfriend took over in November 2010, and it’s been heck since. We are in Washington, and the management company hides details of bids from us,…

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