What is the Board of Directors in a Homeowners Association?
A Homeowners Association (HOA) Board of Directors is an executive body of elected individuals who govern an HOA. Members of the board are homeowners within the community and are elected by their fellow homeowners. The board is responsible for the general oversight of the community’s affairs and ensuring that the community runs smoothly and efficiently.
Roles and Responsibilities
The primary duty of the HOA Board of Directors is to protect, maintain, and enhance the community and its property. This includes managing community finances, enforcing community rules and regulations, resolving disputes, and planning for the future. Specific tasks might include establishing annual budgets, setting HOA fees, hiring and supervising property managers or other staff, and planning community events or improvements.
Board Structure
The exact structure of an HOA board can vary, but typically includes a president, vice-president, secretary, and treasurer. Each board member has specific duties and responsibilities, and the board as a whole works together to make decisions for the community.
Elections and Terms
Board members are usually elected by HOA members at the annual homeowners’ meeting. Terms typically last for 1-3 years, and members may be re-elected. Board positions are voluntary, and members are not compensated for their service.
