Remove Compliance Remove Contractors Remove Government
article thumbnail

HOA Candidate Qualifications: Not Everyone Can Run For Position

HOA Managememt

Usually, these qualifications are listed in governing documents. Compliance with state rules: In California, for instance, candidates must follow the Davis-Stirling election rules, which impose restrictions on eligibility and election procedures. However, this depends on what’s stipulated in the governing documents and board policy.

article thumbnail

Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

Investment income compliance is made easier if funds are held in cooperative institutions. What are the usual tax compliance requirements for RWAs? The ITAT (Mumbai) decision in Samata CHS Ltd vs DCIT (2025) reaffirmed this compliance, especially with reference to bank interest. A grave error.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HOA Meeting Minutes Mistakes: Bad Practices To Avoid

HOA Managememt

Here’s a bad example: “Board Member A said, ‘I dont trust that contractor,’ and Board Member B responded, ‘Thats ridiculous.’ ” Here’s the correct approach: “The board discussed concerns about the contractors performance and considered alternative options.”

article thumbnail

How to conduct an HOA reserve study: A guide for community managers

Buildium

But, no matter what you spend, it will typically cost less and be less stressful than unexpected maintenance, compliance, or financial forecasting issues down the road. If not, you can ask your reserve study professional or a licensed contractor to provide you with estimates.

article thumbnail

HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

No specific federal law governs collection practices specifically for HOA communities. Most debt collection practices are governed by state law, and your specific homeowner’s associations governing documents tackle the process. In a nutshell, this law governs how these agencies should collect debt and unpaid dues.

article thumbnail

What Does Balcony Inspection SB326 Mean for HOAs and Community Boards?

American Apartment Owners Association

SB326 applies specifically to: Condominium projects governed by a homeowners association. HOA-managed communities, compliance is mandatory. Vendor Selection and Project Oversight HOAs must work with licensed professionals and reputable contractors. Who Does SB326 Apply To? Revised long-term capital expenditure planning.

article thumbnail

Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners.