Trying to figure out how an HOA is
run can seem complicated but once it's explained it is pretty straightforward
and makes a lot of sense.
What is an HOA Classified As?
Most Homeowners Associations (HOAs)
are self-governing, non-profit corporations. The association's Board of
Directors is an all-volunteer group elected by the residents of
the association (or, in new communities, appointed by the developer).
Typically, newer associations are
incorporated as non-profit mutual benefit corporations. The association's Board
of Directors is mandated to enforce the rules, which are spelled out in a
handful of papers called the Governing Documents.
Governing Documents of HOAs Usually
Include:
We're Here to Help
Should you have any questions at all
regarding the structure of your HOA, or if you aren't sure if your HOA is set
up correctly, don't hesitate to reach out to us here at Your Community Manager.
We'll be happy to help.