The Essential Guide To HOA Documents: From CC&Rs To Bylaws
Homeowners and board members should familiarize themselves with the various HOA documents. These documents govern the association and play a crucial role in the community’s operations and management. What are the Essential HOA Documents? Every homeowners association is governed by a set of documents consisting of the following: Community plat CC&Rs Articles of Incorporation […]
HOA Board Of Directors: Roles, Duties, And Fiduciary Responsibilities
The HOA board serves as the steward of any homeowners association. It is essential to comprehend the roles and responsibilities of the board, particularly for current or prospective board members. What is an HOA Board? The HOA board of directors is responsible for managing, maintaining, and operating the association. Board members are volunteer homeowners […]
HOA Reserve Funds: Does It Protect Your Community’s Future?
The HOA reserve funds play an integral role in the protection of an association’s finances. These funds cover the cost of unanticipated expenses, major replacements, and even emergencies. Board members should understand how these funds work. What are HOA Reserve Funds? A reserve fund is essentially a savings account for a homeowners association. The […]
Understanding HOA Fees: What Are Homeowners Paying For?
Living in a homeowners association comes with the responsibility of paying HOA fees. Homeowners should understand what these fees are, their purpose, and the potential consequences of nonpayment. What are HOA Fees? Homeowners in an HOA must pay fees. But how do you define HOA fees in the first place? Also known as HOA […]
What Are Regular And Special Assessments In An HOA?
Every now and then, homeowners might encounter an HOA special assessment. It is essential to understand what these assessments are, how they work, and why an association might need them. Similarly, HOA boards should be aware of the limitations of these assessments. What is an HOA Special Assessment? A special assessment is a one-time […]
Know the Rules: Virginia HOA Laws Every Resident Should Understand
Board members and homeowners should familiarize themselves with Virginia HOA laws. These laws govern how associations should operate and protect the rights of homeowners. From single-family associations to condo associations, some laws apply to every community. What are the Virginia HOA Laws? The governing documents of an association spell out the rights, responsibilities, and […]
Unenforceable HOA Rules In Virginia
There are certain unenforceable HOA rules in Virginia that board members and homeowners should know about. These rules are unenforceable because they conflict with the law; however, some rules can also be deemed unenforceable in other ways. What Makes Unenforceable HOA Rules in Virginia? Homeowners associations enforce rules that help maintain order, appeal, and […]
How To Choose The Right HOA Management Company
An HOA management company can make a huge difference in the efficiency and effectiveness of association operations. The HOA board can easily decide to hire one, but finding the right company takes more work than it seems. What is an HOA Management Company? A homeowners association, through its HOA board, is responsible for maintaining […]
POA vs HOA vs COA: What’s The Difference?
POA vs HOA is a common comparison many homeowners and buyers come across. These acronyms may seem interchangeable, but each represents a distinct type of association. POA vs HOA: What’s the Difference? Before diving into legal distinctions or management differences, it’s important to understand what a POA and an HOA are first. What […]
What Is A Homeowners Association? A Beginner’s Guide To HOAs
What is a homeowners association? This is a common question many people ask during the home selection process. Before buying a home in an HOA, it is important to consider the implications of living in one. What is a Homeowners Association? Simply put, a homeowners association is an organization of homeowners that is responsible […]