The term “proxy” is a standard term in the HOA industry used by board members, owners, and managers alike, but there is rarely discussion concerning the legal requirements for proxies and how they should be utilized. The purpose of this article is to focus on these rarely-discussed issues and provide readers with a better understandingGo to Resource
Newsletter
Does your community have an upcoming homeowner meeting that includes voting on issues such as director elections, special assessments, or document amendments? Assuming your community also has owners that are delinquent in the payment of assessments, do you allow such owners to participate in the vote? Since the number of delinquencies and violations in associationsGo to Resource
Your association has an important and controversial issue to decide at its annual meeting. As a manager or board member, the last thing you want is to go through the effort of calling the meeting, gathering proxies, and holding the vote, only to have the decision challenged on some notice technicality. An ounce of preventionGo to Resource
If your governing documents are silent concerning the rate of interest to be imposed on delinquent assessments, how do you set the rate? It may assist you to know that CCIOA sets a cap on the rate of interest that may be charged by post-CCIOA communities. Specifically, Section 315(2) of CCIOA caps interest on delinquentGo to Resource
The first action item on most owners’ meeting agendas is approving the minutes of the last owners’ meeting. Let’s say that — as usual — you have an ambitious agenda, with many action items and a limited time in which to get through them all. But when the secretary moves to approve last year’s minutes,Go to Resource