Every homeowners’ association (HOA) has a Board of Directors that’s tasked with managing, improving, and protecting its community. If you’re part of such a community, knowing more about your HOA Board of Directors can help you stay updated on all matters concerning your residential area.
To give you a better understanding of the HOA Board of Directors, here are the 3 most commonly asked questions about it.
1. What are the different roles of the Board of Directors’ members?
An HOA Board of Directors usually has four to five different offices, which can take the form of the following:
- The President is the Board’s executive officer. They preside over decision-making proceedings and are responsible for ensuring the proper execution of solutions to all issues affecting the community. They also co-sign checks and sign contracts.
- The Vice-President performs the President’s duties should said President be absent, in addition to other responsibilities.
- The Secretary regularly updates information about members, notifies members about meetings, takes meeting minutes, signs contracts on the HOA’s behalf, and records votes.
- The Treasurer signs checks, receives and deposits money, maintains financial records, prepares the yearly budget, and schedules the yearly examination of accounting books.
- The Member at Large is the HOA board’s fifth voting member, and performs any assigned duties.
2. What are the HOA Board’s other duties?
The HOA Board may also:
- Determine the annual HOA fees
- Employ an independent contractor or manager
- Protect homeowners by adopting and modifying rules and regulations concerning HOA members’ personal conduct and the use of shared spaces
3. Why should an HOA’s Board of Directors be homeowners in said HOA?
It’s in everyone’s best interests that an HOA’s Board of Directors is composed of people who live in a community governed by that HOA. Homeowners have a firsthand experience of the many issues affecting their community, like HOA fees, the proper maintenance of shared spaces, and more. As such, homeowners have a vested interest in finding the best solutions to problems impacting their community.
Because of their knowledge, experience, and personal stake in the betterment of their community, homeowners make ideal candidates for an HOA’s Board membership. It’s, for this reason, it’s extremely rare for an HOA’s Board of Directors to have members who aren’t part of the HOA.
Do you have any other questions about the HOA Board of Directors or HOAs in general? If so, please feel free to contact us through our corporate website, or give us a call at (888) 828-9444. We’d be glad to hear from you!