Article By Michael Rome, JD www.hoa-attorneys.com In an ideal world assessments would be paid by 100% of the homeowners before the due date. This doesn’t happen, and despite various reasons for the delinquencies, boards have to deal with policies on how to approach the question of settlement. I have discussed fines in the past as [...]
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Fiduciary Duties of the Association Board
Guest Post By: Michael Rome, J.D. www.hoa-attorneys.com This article is not a substitute for consulting with legal counsel in your State regarding the specific fact situation. Community associations are usually formed as corporations under the Georgia Nonprofit Corporation Act (“Act”), and the board is subject to the same duties as the directors for any other type [...]
