HEY! THAT'S A VIOLATION!
The amount of time must an HOA give an owner to cure a non-emergency violation before it can impose a fine
What is 30 days?
HOAs managed by a community management company usually designate this person as the primary point of contact for HOA vendors.
Who is the community manager?
Quick! Name the word used to describe the number of board members or homeowners that must attend a meeting for its actions to be binding.
What is a quorum?
A general term for ways to resolve disagreements short of a lawsuit.
What is alternative dispute resolution (ADR)?
This governing document typically outlines the duties of the board, voting procedures, and meeting requirements.
What are the bylaws?
The minimum number of violation notices an HOA must send before its attorney can start legal action regarding the violation.
What is two?
The clause in a vendor contract that addresses when and under what circumstances the parties can cancel or end the contract.
What is the termination clause?
The document that sets the meeting's topics and helps keep meetings on track.
What is an agenda?
The name for the neutral third party who helps parties try to resolve a dispute.
What is a mediator?
This financial report, often discussed at annual meetings, forecasts income and expenses for the upcoming year.
What is an annual budget?
The maximum allowable fine an HOA may impose for a violation that does not threaten public health or safety.
What is $500?
Vendor contracts should require the vendor to carry this, in the event of an unforeseen accident.
What is liability insurance?
The people who are permitted to attend a board meeting.
All association members or their representatives.
Board members should avoid these to keep discussions productive.
What are personal attacks/insults?
The committee that may just stop your neighbor from installing a flock of lawn flamingoes in their yard.
What is the Architectural Control Committee?
The amount of time an HOA has to file suit to enforce building restrictions.
What is one year?
The part of the vendor contract that specifies what the vendor is supposed to do for the HOA.
What is the scope of work?
Meeting minutes do not have to reflect discussion or debate, but must reflect this.
What is the decision made or action approved by the Board?
The term to describe what arises when a board member has a personal business stake in the outcome of a board decision.
What is a conflict of interest?
This insurance coverage protects board members from personal liability when making decisions in good faith.
What is directors and officers liability (D&O) insurance?
An additional penalty an HOA after it imposes the maximum permitted fine.
What is suspend the owner's right to vote?
What is suspend the owner's right to use recreational facilities?
Changes to the scope of work in a vendor contract should be documented in writing with this and signed by both the HOA and the vendor.
What is a change order?
Board meetings can be closed to the membership to discuss _____________.
What are legal advice, personnel issues, and/or delinquent accounts?
HOAs are required to adopt this type of policy to handle conflicts and/or disagreements with their members.
What is a written dispute resolution policy?
This term describes money set aside by the association for future repairs or replacement of major components like roofs or roads.
What is the reserve fund?