Fiduciary Duty and What it Means for Your HOA Board
Just try saying that five times fast. Not only is it a serious mouthful, it also carries serious legal obligations and potential consequences. As board members, your community has entrusted you with the “power” to make decisions on their behalf and in the best interest of the community. It is your obligation to remove your “homeowner’s hat,” act as an officer of a corporate board, and exercise the best business judgment possible. To help your board avoid any breaches in fiduciary duty, we’ve got a few simple ways to help you navigate your duties easily. Let’s talk about the three basic parts of a board member’s fiduciary duties: Read the article…………
Deaths resulting from unauthorized persons gaining access in gated communities have recently reached the headlines in Florida. Not surprisingly, the
Does your Community Association have sufficient protections in place for Short-Term Vacation Rentals?
With the rise in short-term rentals through popular sites like Airbnb, Inc. and Vacation Rentals by Owner (VRBO), homeowners and