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 or condo 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.
In the days of Pinterest, everyone wants their birthday party, baby shower, or anniversary party to stand out and uniquely entertain. Finding a venue is usually the first, and most difficult step. Many places book up fast. Sometimes, going the unconventional route is the best way, and we’re here to share our four favorite unique party venues in Aurora, IL.
For a homeowners’ association to function properly, a Board of Directors is a necessity. The volunteers elected to be on the board are responsible for ensuring the community runs smoothly and the association functions normally. Without a capable board, the community may become neglected and fall apart. For your reference, here we describe HOA leadership roles and duties.
Condo and community association boards are to represent the community’s needs and act in their best interest. As such, they have fiduciary responsibility to be fair and transparent. One of our preferred vendors Keough & Moody, P.C., recently explained how the 2018 ruling in Boucher v. 111 East Chestnut Condominium Association, Inc. reminds us how to comply, and prevent issues. Read the below explanations of laws and expectations to determine if you need to change your board’s practices.
Fall is in full swing… Temperatures have started to drop, leaves are falling, and it has started to get dark earlier in the evening. Halloween is right around the corner; fall events are popping up left and right and winter events are close behind. There is no shortage of fun things to do in Des Plaines, IL in Fall and Winter, many of them free! From early October with the infamous Des Plaines Fall Fest, to the Winter Wonderland in December, there are traditions to be made for all ages. Check out some of our favorite seasonal events in Des Plaines heading into this holiday season.