Tools of the Trade: HOA Board Project Planning and Hiring a Professional Vendor

/ Owner - September 5, 2024

The first responsibility of the HOA board when beginning any project in a non-profit corporation such as a homeowners association is to avoid any conflicts of interest while planning the project.  In community associations, each board member is considered a fiduciary and is duty bound to act in the best interests of all residents, not his or her own best interests. In general terms, fiduciary duty is the highest standard of care imposed under law, and it occurs when one or more persons are responsible for the money or property of another. The fiduciary is expected to be honest, free from fraud and faithful to his or her obligations.   Read the article…………………………….

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