BoD Resources

Various decisions of the Georgia Court of Appeals over the years have resulted in three general categories of covenant violations for statute of limitations purposes

In fact, an increase every year is essential to the well-being of a healthy association.

Getting ready for an annual meeting can often seem routine

In practically awry situation of topics related to HOA governance, it is important to remember that one size does not fit all.

“It’s probably not a good idea to use a personal email address because if any litigation comes up, you’re pretty much duty bound to
produce personal emails,” says Nathaniel Abbate Jr., a partner at Makower Abbate & Associates PLLC in Farmington Hills, Mich., who represents associations.

From a Boardmember responsibility (liability) viewpoint, for a budget line item as large as Reserve contributions, it is appropriate to re-evaluate
Reserve contributions annually to comply with the “sound business judgment”.

“A reserve study is a study made of all the major capital systems in the association,” explains Robert Galvin, a partner at Davis, Malm&. D’Agostine PC in Boston who specializes in representing condos and co-ops. “It evaluates how much life they have left and how much they’re likely to cost when they wear out. From that, you can calculate how much money the association has to set aside each year to have enough to replace those items when they do wear out.”

When it comes to interpreting your HOA management company’s financial reporting, it’s helpful for HOA members to understand the accounting process used by their
management company, especially if they wish to maintain and manage community funds in a practical manner.

As you may well know, being a member of the Board of Directors for your homeowners association means having an immense financial obligation to your community. Your job will become convoluted by illegible or inaccurate financial reports and records, which—if you are not prepared—can be overwhelming.

Given that the fiscal health of the association has a direct impact on every member of the community, proper management of financial operations is an important element of building better communities.