The drawbacks of being on a board are legion. For one thing, it's a lot of work. Hours and hours and hours of work, of poring over spreadsheets, of talking to property managers and vendors and residents and tenants when you could be watc…
Tag: Corporate law
Q What happens if board members consistently miss meetings, or don’t attend, messing up the voting process for a board? What recourse do we have? --Attentive Board Member A “Removal of a member of the board of directors…
Congratulations. You have been chosen to help lead your community on a small governing council that will determine the major policy decisions affecting everyone who lives in your community. From finances to rules enforcement to selection of…
Serving the board of your co-op or condo can offer many benefits, but also bring many challenges. As board members also live among residents they serve, community issues are always present. It can turn into a 24/7 job that interferes wit…
Being a board member in an HOA or community association is a task rooted in civic pride and responsibility not unlike serving on the local school board or town meeting. Some become board members because they want to protect the inve…
Many association board members and shareholders alike come to dread the monthly board meeting or annual shareholders meeting - stories abound of meetings dragging on for hours, with participants feeling that they're trapped in a vortex o…
As a member of board, you've volunteered your time to serve your building or homeowner's association with the best interest of your community in mind. But as every board member knows, even with the best of intentions, your board may…
Your property management company is the custodian of your development. It is the job of your managing agent to handle your HOA's finances, keep track of contractors and vendors, and pay bills. But what happens if the company you hired to do…
Most residents of a condo, co-op or HOA know at least a few of their board members—or at least know their names. Often, the same people serve on the board year after year. But what makes them want to serve? And why don't new people const…
Boards of directors in co-op and condo buildings are generally elected volunteers who live in the community themselves and have a vested interest in preserving its quality of life while protecting the investment that the building or deve…