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Wednesday, June 1, 2011

A Little More Information on HOAs

A HOA is a governing body put together by a developer to help protect the property values of the land within its area. HOAs are a governing body, and although it is not a government, HOAs function in a similar way.

A homeowner is considered a voter or stockholder, but the power lies with those directed to make decisions on the community’s behalf. HOAs are led by a group of board members, which often hold annual meetings with the community.

What if you have an issue with a board member? Just like elected politicians, most homeowners can recall board members who are not meeting performance standards. A recall may be the greatest power homeowners wield inside an association.

Here at Greenway we strive to provide the best HOA management possible to help both the community at large and our clients. We have a vision for the community, and want to see it grow, prosper and thrive even in this down-turned economy.

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