Posts tagged coa
Consequences of Not Having Cash Reserves
Consequences of Not Having Cash Reserves

Significant expenses in development occur, and homeowners must cover the costs, one way or another. An HOA commonly maintains a type of savings account called the cash reserves or a reserve account for significant, infrequent, or unexpected common area costs.

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Advice, Annual Budget, Board Members, Financial Obligations, HOA Amenities, HOA Board Members, Maintenance, Safety ConcernsGuest Userfinancial, responsible, maintenance, board members, HOA, coa
When HOAs and COAs are Liable for Neighbor-to-Neighbor Harassment
When HOAs and COAs are Liable for Neighbor-to-Neighbor Harassment

When residents in your association are having a dispute, it can be challenging to know when the HOA should get involved. While you don't want to be nosy, regulations from the Department of Housing and Urban Development (HUD) and the Fair Housing Act (FHA) make community associations liable for taking prompt action.

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Advice, Board Members, HOA Board Members, Safety ConcernsGuest Userboard members, legal issues, HOA, coa