6 Tips on How to Run an HOA Annual Meeting Effectively (MN)

Time for an annual meeting? All homeowner associations (HOA’s) are required to have an annual meeting each year. In addition to any other specific requirements which may be within an association’s declaration, the Minnesota Common Interest Ownership Act (the “Act”) requires that certain business must be conducted at each annual meeting. The statute requires there to be an election of directors and an annual report made which covers financials, capital expenditures, statements of insurance coverage and whether there is any litigation involving the association. In addition, annual meetings also tend to be the time when owners want to have their voices heard, members of the board of directors want to explain what has been going on over the year and tempers can flare about issues ranging from disagreements about what type of flowers were planted to complaints about special assessments for major projects. Let’s face it, an HOA annual meeting can become chaotic!     Read the article……………..

Related Articles

The Transition Switching from Sponsor to Owner Control

The goal of any property developer is to sell units, but until that objective is reached they have to assume

Plat Maps and Surveys

The plat for your community is an important governing document. The plat is an aerial depiction of the lot boundaries,

HOA Insurance Proaction in Action

One of the biggest traps for common wall homeowner associations like condominiums is that their insurance coverage often permits payment