Tag Archives: percentage

Meeting Moment – What’s In Your Bylaws You Need to Know?

How can you tell an experienced meeting chair from an inexperienced chair before the meeting is even called to order?  There are lots of ways, but one key indicator of an experienced chair is such individual has a copy of the organization’s bylaws close at hand.  Why?  What is in that formal, bureaucratic document that might help someone preside over a homeowner meeting?

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Announcing our NEW Rental/Lease Cap Management Service

  

With the implementation of the latest requirements from the Federal Housing Administration (FHA) requiring that rentals be under a certain percentage of the total number of units/homes in Homeowners Associations and Condominium Associations for buyers to qualify for FHA backed loans, many communities have opted to amend their governing documents to institute a Rental or Lease Cap.
 

Community Association Management has developed a new service in response to the need for administrative management of these rental caps. This service is designed to take the burden off of the board in managing and assist in the enforcement of the rental cap.

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Handling HOA business by e-mail

Q: Can the board of an HOA handle any items via e-mail and have those acceptable as legal actions? I am wondering if the approval of meeting minutes can be handled via e-mail rather than waiting for the next meeting. If so, they could then be posted on our Web site and not be held up for the next meeting’s action.

If your HOA is organized as a nonprofit corporation as most are, it is governed by the N.C. Non-Profit Corporations Act (Chapter 55A of the N.C. General Statutes). The laws authorize a board to take action by majority vote at a board meeting.There is no substitute for the open exchange of ideas that occurs at a face-to-face board meeting. However, in recognition of the fact that decisions sometimes need to be made between regular board meetings, the laws also authorize the board to take action without a meeting, provided there is unanimous written consent of the directors.

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