An HOA board of directors is the governing body of an association. It is in charge of policy-making and, more importantly, must uphold all legal and fiduciary duties. Board members are in a position of authority and are to act on behalf of the association. When issues arise, having a code of conduct in place will reduce the chance of a possible problem. An HOA board members’ code of conduct can guide board members to maintain high ethical standards and act in a respectful manner. This encourages members to be considerate of ethical standards while being a community leader.
Planning out an HOA budget is a marathon of a task. As a homeowner, trying to understand it can be even more difficult and frustrating. The more knowledgeable you are about how an HOA budget works, the more power you’ll feel in the budgeting process. Keep reading to learn more about HOA monthly assessments, special assessments, annual budgeting, and your board’s decision-making process.
Holiday family time is among us. We want to create wonderful memories, and avoid the frustration family time also brings. Schaumburg boasts many family-friendly activities (and fun couple’s date ideas too). Here we’ve compiled our three favorite restaurants that offer a great dining experience, while keeping your kids entertained.
Putting together a homeowner association meeting agenda can seem like a challenging task, but it doesn’t have to be. The hard part is figuring out what you’re going to say during the meeting, so if you have that down then creating the agenda will be easy. Since HOA meetings are generally open to the public, creating a set agenda is a useful tool for directing the open meeting and discussing all appropriate matters with the public before moving onto the executive session.
Pets are an important part of many Americans’ lives. Dogs are like family to many people, and therefore an inevitable situation for HOAs to handle. While pets are great companions to some, others can find them a nuisance, especially if they are not handled in a manner respectful to the community. The following homeowners’ association pet restrictions and guidelines will help your community have a problem-free co-existence.