Having a great board of directors for an HOA or condo association is vitally important to an association’s success. Responsible for governing the association’s budget and needs, members who are willing to serve and to work together is invaluable: just how long they serve is a matter for discussion. Are term limits good or bad for association board members? Is it better to bring in new ideas or is it better to keep those with experience. Several states have specific laws regarding term limits and whether they are allowed. Not all states have laws regarding this so when in doubt, consult your state’s laws regarding associations and boards. Here’s an easy guide to understanding the pros and cons of board member term limits: Read the article……………..
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