BY-LAWS
The bylaws of an HOA are important. The HOA is run as a business, and the bylaws govern how that business is managed by the officers and board of directors. They outline how the HOA will run, including provisions regarding:
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the size of the board of directors
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when and how board members are elected
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length of board members’ terms
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how board members may be removed or leave
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how often the board meets
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other procedures for the board, including quorum requirements
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when community meetings need to be held
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how members can call meetings
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homeowners’ rights and responsibilities
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the HOA’s rights and responsibilities
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how voting occurs
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how the HOA creates the annual budget
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how and when assessments are performed
INSURANCE BINDER
An Insurance Binder is a temporary document issued by an authorized insurance representative that serves as proof of insurance. The insurance binder outlines the basic conditions, coverages, deductibles for the insurance contract.
An insurance binder is subject to all the terms and conditions of the pending insurance contract, unless it is noted otherwise.
DUES/FINES
2024 HOA DUES = $66.00
With the change in Board members, Invoices will be mailed Mid-March
(IF NOT PAID 90 days after Invoice is mailed, LATE FEES WILL BE APPLIED)
A homeowners association fee (HOA fee) is an amount of money that must be paid by the property owners within the association. Fees are collected to assist with maintaining and improving HOA maintained properties.
If an owner of property governed by an HOA does not pay the required monthly or annual fees, the HOA can take action against the delinquent homeowner.