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HOAs and Lord of the Rings: A surprising correlation
Introduction Home Owners Associations (HOAs) are non-profits responsible for maintaining the common elements in housing communities. In order to run smoothly, HOAs require active participation from board members and homeowners. Board members are responsible for managing the property and coordinating with the people who live on it. Homeowners pay their dues to cover HOA expensesContinue… Read more
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HOA dues: what they are and how they are determined
As of 2022, there are over 142 million housing units across the United States. Of these housing units, 40 million of them are a part of HOA communities. HOA communities offer unique features and are maintained by associations. To support operations and the associations’ regular expenses, homeowners are required to pay fees periodically. HOAs comeContinue… Read more
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Miami’s South Champlain tower collapse results in near $1B settlement
After a grueling 11 months of litigation, the settlement regarding the collapse of the South Champlain tower in Miami on June 24th, 2021 amounted to nearly $1B which will be paid to the families of the deceased and the people injured in the devastating event. A little backstory: the 12-story tower built-in 1981 had facedContinue… Read more
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HOA transparency and why it’s important for your association
Ever wonder where your money is going when you pay your dues? What are those extra fees on your statement and are they really affecting you in a positive way? HOA board-to-homeowner transparency is key to achieving understanding between both parties on things like monthly assessments and their purpose. We should understand that not everyContinue… Read more
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California’s Davis Stirling Act
Some may or may not be aware of how HOAs are governed in places such as California and how decisions are made. Where are these rules coming from? Who puts them into action? The Davis Stirling Act is the driving factor behind all of this, and you’ll want to know a bit about it: WhatContinue… Read more
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SB 326: The Balcony Bill
By January 1, 2025, the California legislature is requiring all associations to conduct inspections of exterior elevated elements to determine their safety. This applies to all condominium projects with more than three units in a building. In summary, the bill requires that board members of these associations do the following: Hire a qualified structural engineerContinue… Read more