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Self Management Guide: Violations or Covenant Enforcement - Community Property Management Blog
Over half of the community associations (HOAs, Condos, Townhomes, Mobile-Modular, Co-ops) throughout the United States are self-managed. Furthermore, that number is rising. Geographical areas experiencing extensive foreclosures often must choose between paying a monthly management fee or and street lighting. Here we offer time-tested suggestions and the best management practices of our industry. Before reading on, your community’s success with self-management requires your understanding that: Your authority and responsibility as a director and administrator is defined by your community’s documents: the declaration of condominium, CCRs, Bylaws, etc. In addition, your state’s statute may call for further restrictions or requirements. Volunteers be assigned to key positions and that each position clearly defines that volunteer’s tasks, responsibility, and the scope of their authority. Each member of the board and committees understand their responsibilities and duties with respect to their community documents and state statute. Consistency and accountability are vital to establish credible leadership and enforceability.
29-Mar-2022, 12:08 PM