The dictionary for housing associations (HOAs)

HOA bylaws are the guiding rules set by a Homeowners Association (HOA) to govern the administration and management of the community. They outline how the...

Parking rules are regulations established by an owner's association to manage the parking spaces within the community. These rules may cover topics such as where...

In the context of homeowners associations and housing cooperatives, 'Common facilities' refer to shared spaces and amenities that are jointly owned and used by all...

An Extraordinary General Assembly is a special meeting that is not part of the regular schedule of meetings for an owners' association. This meeting can...

House Rules are the set of regulations created by the board of a homeowners' association or other types of property owners' associations. These rules are...

Working for an association refers to being employed or involved in the operations of a collective entity such as a homeowners, condominium, or housing cooperative...

Chairman of the Meeting refers to the individual who oversees and manages the proceedings of a meeting. In the context of homeowner associations, this person...

An Annual General Meeting (AGM) in a housing cooperative is a yearly gathering where members of the cooperative meet to discuss and make decisions on...

The 'Preparation for Annual General Meeting' refers to the process of planning and organizing the yearly meeting for all members of an owner's association. This...

Quorum rules refer to the minimum number of members who must be present at a meeting to make the proceedings of that meeting valid. These...

In the context of a homeowner's association, a proxy refers to a person who is designated by a member of the association to represent them...

A treasurer is a designated member of a board or committee who is responsible for the management and oversight of an organization's financial affairs. In...

Majority rules is a decision-making principle that is commonly used in various types of organizations, including homeowner associations. The principle states that the choice supported...

An Alternate or Deputy is a person who is appointed to act on behalf of another person, particularly in a legal or business context. In...

An auditor is a professional who conducts an independent examination of an organization's financial records to determine their accuracy and compliance with laws, regulations, and...

General Assembly minutes are the official written record of the proceedings of a meeting held by the General Assembly of an owners' association. They typically...

Meeting minutes are essentially a written record of everything that was discussed and decided upon during a meeting. The types of meeting minutes can vary...

Minutes are a written record of everything that is discussed and decided during meetings. They are used to document discussions, agreed actions, and the progress...

Suspension of an Annual General Meeting (AGM) refers to the postponement or delay of this crucial gathering due to various reasons. This could be due...

In the context of homeowners associations, 'Board of Directors’ formation' refers to the process of establishing a board of directors. This board is typically made...

In the context of owner associations, a Chairman is the person elected by the board members to lead meetings and discussions. They have a key...

A Vice Chairman is a key role within an owner association's board of directors. While the Chairman leads the board, the Vice Chairman acts as...

A covenant, also known as an easement, is a legal agreement or contract created by deed which grants a right to use another person's property...

In a homeowners' association, voting rules refer to the guidelines and procedures set out for making decisions that affect the community as a whole. These...

In the context of homeowner associations, the Allocation Key is a term used to denote the method of distributing costs among the members of the...

Registration, in the context of property or legal documents, refers to the process of officially recording or enlisting certain details in a public or government...

Insurance coverage refers to the amount of risk or liability that is covered for an individual or entity by insurance services. In the context of...

Property valuation, also known as real estate appraisal, is the process of estimating the market value of a property. This is often a necessary step...

Legal basis is the underlying law or principle that justifies an action or decision in a legal context. In the context of homeowners' associations, it...

The Board of Directors, also known as the governing body, is a group of individuals that are elected by the shareholders or members of an...

A Maintenance Plan is a detailed document that outlines the routine upkeep and repairs necessary to maintain the value, safety, and functionality of a property....

An Operating Budget is a detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, usually a year....

An Administrator for a homeowners' association is a professional who is responsible for managing the day-to-day operations of the association. They are typically involved in...

An Annual General Meeting (AGM) is a yearly gathering of the members of a homeowners' association. It is a legally required meeting in which members...

A Homeowners’ association fee, often abbreviated as HOA fee, is a regular payment made by homeowners within a certain community, typically a housing estate or...

Board Meeting Minutes are the written or recorded documentation that is used to inform attendees and non-attendees about what was discussed or what happened during...

In the context of homeowners associations, a Secretary plays a vital role. This person is responsible for maintaining the records of the association, including meeting...

Other board members refer to those individuals who hold positions on the board of an owner's association, but aren't in the primary roles of Chairperson,...

In the context of an owner's association, a Notice or Calling notice for a meeting is a formal announcement made ahead of a meeting. This...

In the context of homeowner associations, an agenda refers to a list of items that need to be addressed during a meeting. This list is...

Presentation of Proposals is a formal process where suggestions or plans are put forth for consideration or action in a meeting. These proposals can be...