Many boards struggle with the question of whether or not to amend their governing documents. Below are some standalone reasons to amend certain governing documents in order to protect your community, property values, and the volunteers who serve on the board. Articles of Incorporation Limit Liability of Directors The Colorado Revised Nonprofit Corporations Act (“NonprofitGo to Resource
Document Amendments Resources
Outdated and burdensome provisions within the HOA’s governing documents can serve to hinder operations and create confusion. Common examples include developer rights that no longer apply to the community, outdated assessment restrictions, and a lack of utilization of technological advances. The issue of outdated governing documents is especially important given the extensive recent legislative changesGo to Resource
Community Association Manager Handbook
Our Community Association Manager Handbook is filled to the brim with resources every manager needs to drive success in their communities. The handbook includes our collections and covenant enforcement process chart, our insurance checklist, and all of CCIOA and the Nonprofit Act, tabbed at certain important sections! The Community Association Manager Handbook is available toGo to Resource
Amending a set of covenants/declarations is no easy task. Declaration amendments typically require approval from owners representing at least 67% of the total votes in the association. To make things worse, sometimes we also see requirements for first mortgagee approvals, which means the association must obtain approval from banks to whom owners issue their mortgageGo to Resource
Although document amendments lead to desirable results, boards frequently refuse to utilize this tool based on commonly held preconceived notions and popular myths about the process. This article will focus on common misconceptions when it comes to document amendments and will provide you with the actual facts about this process, which apply to both preGo to Resource