helenbacque
Senior Member
- Location
- Central Florida
The condo HOA owns the buildings and common areas and is responsible for seeing that appropriate and timely repairs & maintenance happens. These are often delayed in an effort to keep dues lower. A healthy HOA will keep a large reserve (like a homeowner's savings account) but the reserve is often robbed to keep dues lower. Owners who elect uninformed, irresponsible or self-serving members to serve on their boards are asking for trouble. Serving on the Board of Directors is a job few want. It's often volunteers who serve.
As this shakes out, I would be interested in knowing what liability the HOA Board of Directors might have. Is there insurance to provide protection from poor performance?
As this shakes out, I would be interested in knowing what liability the HOA Board of Directors might have. Is there insurance to provide protection from poor performance?