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Understanding the Board’s Role in Connection with Association Reserve Studies
- Finances
State laws and the governing documents for a homeowners association typically contain provisions that mandate the establishment and maintenance of
- Dues and Assessments, Finances
For many homeowners, living in a community run by a homeowners association (HOA) brings certain expectations — well-maintained common areas,
- Finances
Homeowners associations must conduct periodic reserve studies in order to have a realistic estimate of the costs of repairing and
- Finances
The use of homeowners association reserve funds is a topic of much confusion and controversy within homeowners associations. Because of
- Dues and Assessments, Finances
Homeowners and property owners’ associations throughout the United States have been put on notice by the events that occurred earlier
- Finances
State statutes and association governing documents require homeowners’ associations, regardless of size, to perform reserve studies and maintain appropriate levels of reserve funds.
HOA Directors Can Use Reserve Funds for Different Line Items Then Originally Planned For
- Board of Directors, Finances
An HOA reserve funds are established to cover various line items representing the different components within the association’s common area
HOA Directors Can Use Reserve Funds for Different Line Items Then Originally Planned For
- Board of Directors, Finances
An HOA reserve funds are established to cover various line items representing the different components within the association’s common area
- Subscriber Articles
The use of homeowners association reserve funds is a topic of much confusion and controversy within homeowners associations. Because of
- Dues and Assessments, Finances
A basic duty relative to Reserve Funds imposed on virtually all homeowners associations by state laws and/or governing documents is the
