The Role of a Homeowners’ Association
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HOAS ARE NON-PROFIT CORPORATIONS THAT HAVE LEGAL PERSONALITY. THESE ORGANIZATIONS ARE GOVERNED BY FEDERAL AND STATE STATUTES THAT RULE CORPORATIONS AND THE HOA’S GOVERNING DOCUMENTS. IN THIS CONTEXT, THESE DOCUMENTS ARE THE MOST RELEVANT RULES SINCE THEY SPECIFY THE USE OF THE COMMUNITY SPACES, AS WELL AS THE BEHAVIOR OF THE RESIDENTS AND GUESTS INSIDE THE FACILITIES.
One of the primary functions of any HOAs is the maintenance of common areas and facades. It implies preventive maintenance and repairs. Besides, among the duties and responsibilities of the HOA is to prioritize maintenance and repair tasks.
CONFLICT AND ANNOYANCE MANAGEMENT In any residential community, conflicts can arise, and some residents can break the rules. In this regard, HOAs are responsible for enforcing the rules and applying the penalties established in the governing documents. On the other hand, the association is in charge of collecting the fees and taking the measures for nonpayment of HOA dues.
ADMINISTRATION
HOAs
are
responsible
for
managing
the
expenses
associated with the daily functioning of the association and the operating costs related to the community. The administrator or treasurer must be in charge of signing checks and overseeing the budget.
DUES AND ASSESSMENTS
HOAs assess dues can be collected monthly, quarterly or annually. In this sense, the HOA treasurer has the responsibility for this task, as well as the secretary or another board member or officer.
THE ASSOCIATION’S BOARD MUST DECIDE THE COMPANY INSURANCE THAT COVERS THE RESIDENTIAL COMMUNITY; HOWEVER, THE ASSOCIATION CAN DELEGATE THE PROPERTY MANAGER THE EXECUTION OF THIS PROCESS AND THE PROPOSAL.
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