Most board members, and even homeowners, have heard the word “quorum”. However, many don’t understand it or its importance for doing HOA business. In case you’re not familiar with the definition, a quorum is a minimum number of board members and residents in attendance at an HOA meeting. Unless the quorum is reached, meeting business cannot begin. That means board member elections can’t happen at annual meetings and owner assessments are on hold until budget meetings reach quorum. These meetings have to be rescheduled until quorum is reached, and often reaching quorum is harder with each subsequent meeting. Read the article…………..
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