The construction of condominium and townhouse projects involves stabbing the homeowners’s association (HOA) that will govern the individual units and shared common areas. The establishment of the HOA is crucial for setting the framework that ensures effective governance, maintenance, and decision-making for both the individual units and the shared common areas.
From reviewing and refining the formation documents to managing the turnover meeting once the developer no longer holds the majority of the units, the process requires careful organization and attention to detail in shaping the new governing body. This ensures a smooth transition and sets a strong foundation for effective management of the community moving forward.
- Reviewing Formation Documents – Articles of Incorporation, Declarations, By-Laws, Amendments
- Meetings – Initial Meeting with Out Sale Owners, Annual General Meeting, Special Meetings, Board of Trustee Meetings
- Finances – Budgeting, Capital Improvements, Special Assessments, Engineering Study, Reserves
- Developer Turnover Process
Over the years, I have managed a diverse range of HOAs, each with its unique dynamics, including those with full0time residents, seasonal homeowners, and investment properties. While all associations share the same fundamental goals and functions, each one requires tailored solutions based on how the property is being utilized. Understanding theses distinctions allows me to address the specific needs of each association, ensuring smooth operations and long-term success.