Things Every Board Member Should Know

I had a rewarding evening at the UCCAI Roundtable last night, teaching and discussing a list of things that board members should know.  It was a very engaged and interactive discussion with about 30 participants; mostly HOA and condominium board members: feedback was universally favorable.

For those of you who couldn’t attend; here’s the list of things you should know:

  1. Whether your association is a condominium;
  2. Whether you can fine your residents (and if so, how to fine);
  3. Whether your association is adequately insured;
  4. Whether you, as a board member, are adequately insured by your association;
  5. How assessments should be calculated in your association and how assessments are actually being calculated;
  6. What your association’s governing documents are, and what they say;
  7. That your association’s insurance requirements may change effective as of July 1, 2011;
  8. That your association will need to be registered with the Utah Department of Commerce as of July 1, 2011;
  9. That you need to know about the Fair Housing Laws;
  10. How to hire the right people for your association.

If you don’t know them, you should join UCCAI, and sign up to follow this blog.  If you can’t wait to know them, contact one of the lawyers at Hobbs & Olson

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