Is Your HOA Properly Investigating the People Who it Relies On?
- Finances
The directors of a homeowners association are vested with the responsibility of properly managing the business operations and the common areas that are included within their association. Proper management necessitates the exercise of sound business judgment in connection with the selection and retention of the association’s managing personnel such as directors, officers and property managers, as well as its employees, and independent contractors.
Because HOA directors are uncompensated volunteers that work part-time and serve for limited periods of time, it is very difficult to maintain control over the many people that contribute to the […]
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