Why You Should Run For Election to the Board of Directors of Your HOA
Written by: Michael T. Chulak
Some homeowners run for their board for the wrong reasons. Some homeowners run for their board for the right reasons. One thing is certain - If you are elected to your board, you will share the power to make decisions about what is probably your largest asset - your home.
Board members have many powers.
Decide how assessment income of the association will be spent. The money can be spent wisely, or it can be wasted
Are responsible for the accuracy of meeting minutes
Schedule elections and make certain they are conducted fairly and in accordance with California law
Establish necessary operating rules
Select and work with the association’s attorney to minimize delinquent assessments
Approve or reject architectural improvement applications
Are responsible for CC&R and Rules enforcement
Are responsible for HOA legal compliance
Are responsible for holding and conducting meetings in accordance with California law
Are responsible for budgeting and obtaining Reserve Studies so that adequate reserves are developed and special assessments avoided.
If you are elected to your association’s board, you will participate in all important decisions. If you are not on the board, you will not be in a position to participate in the important decisions affecting the value of your home and how your money will be spent.
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This article was republished with the permission of Michael T. Chulak