Latest Articles
Is It Time To Update Your HOA Governing Documents?
When should an association update HOA governing documents? This is a common question board members ask. Failure to update these documents when needed can result in a range of consequences, including outdated or noncompliant provisions. It can cause confusion among...
Texas HOA Reserve Study: Requirements, Laws, And Best Practices
An HOA reserve study is an essential tool in future financial planning. Without it, an association would have no way of knowing how much it needs to repair or replace major components when their estimated useful life runs out. Despite the importance of a reserve...
Red Flags An HOA Audit Can Catch Early
An HOA audit can reveal hidden problems with an association's finances. Some states require associations to perform an annual audit, while others do not. Regardless, an audit poses several benefits, from shedding light on poor financial decisions to uncovering...
The Legal Process Of HOA Foreclosure In Texas
Like it or not, an HOA foreclosure in Texas is a real possibility for homeowners who fail to pay their dues and assessments. Board members must understand foreclosure laws to ensure they don't infringe on homeowners' rights or put the association at risk. Similarly,...
Who Makes The Original Governing Documents For HOAs?
The original governing documents set everything in motion for an HOA, long before the community looks like anything more than a plan on paper. These documents shape how the association behaves and what the board must enforce once real people move in. They form the...
HOA Transition From Developer Controlled Community: Is This Needed?
A developer controlled community always begins with the promise of a fully built neighborhood someday, but the early stages often leave owners wondering when their association will operate independently. Ultimately, the community can't mature until homeowners have a...
Common Problems In Mixed Use Community Associations
Problems in mixed use community settings tend to show up faster than most boards expect, especially once residential living and daily commercial activity start bumping into each other in real time. To maintain harmony and satisfaction, boards must know how to handle...
What Is A Mixed Use Community Association?
A mixed use community continues to attract interest across many markets, especially as owners look for neighborhoods that blend residential comfort with daily convenience. In the end, the idea remains simple: people want places where they can live, work, and gather...
What’s Included In The HOA Fidelity Bond Coverage?
A fidelity bond is an insurance policy that every homeowners association needs. This type of insurance protects against theft or fraud. In the event that a board member, manager, or committee member steals from the association's funds, fidelity insurance is the first...
Can Unit Owners Rent Out Condo Parking Space?
Parking is scarce in most condominium buildings, so it’s not surprising that some owners want to rent out condo parking space. While it might sound simple, many actually get confused when it comes to condo ownership. Whether or not condo owners can rent out their...