Condominium Owner? How to spot problems with your HOA

/ Owner - November 4, 2018

Statistics show that most Condo owners do not attend Board of Directors (BOD) meetings and avoid involvement with HOA issues. As a result, Condo owners rely on the BOD to be their fiduciary agents, operate the Home Owners Association (HOA) prudently, establish a budget, manage reserves, maintain the Condo’s structure in a safe condition, maintain common areas, keep accurate books and records and represent community ownership as a whole. After all, BOD members are also owners of the ownership community and are invested in the ownership of the condo based on their pro-rata share of unit ownership.    Read the article………………

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