Posted:
Although some of the items are specific to California, one of the best explanations of the differences and duties of a Homeowner's (one vote per lot) vs. Board Member's votes I've seen is on the Adams-Kessler website (davis-stirling.com). To see the whole article go to: http://www.davis-stirling.com/MainMenu/MainIndex/Ownerrights/tabid/619/Default.aspx
Membership Authority. The rights/powers reserved to owners in good standing are described in the governing documents and are generally limited to the following powers:
* to elect a board of directors
* to remove directors from the board,
* to call special meetings of the membership,
* to amend the CC&Rs and bylaws,
* to approve regular assessments over 20% and special assessments over 5%,
* to attend open meetings of the board,
* to access their property (ingress-egress),
* to use the common areas,
* to inspect the association's records, and
* to petition the board.
No Veto Power. Because of the division of power between the membership and the board, members do not have a direct veto over the board's actions (except for rule changes). Rather, the power to veto is indirect. If members are unhappy with board actions (or inaction), the membership can remove the board or wait until the annual meeting and elect a new board.
Board Authority. By law, corporations must have boards of directors who are fiduciaries. Boards and individual directors have limited authority. The powers delegated to boards generally include the following:
* manage the association,
* adopt and enforce rules and regulations,
* enforce the CC&Rs and bylaws,
* contract for services,
* levy and collect regular, special, and emergency assessments,
* pay expenses incurred by the association,
* prepare and adopt budgets,
* repair and maintain the common areas,
* insure the association,
* disburse reserve monies,
* invest funds,
* call membership meetings and appoint inspectors of election,
* appoint and remove officers,
* appoint directors to fill vacancies,
* appoint committees,
* initiate and defend against lawsuits,
* establish architectural standards (either directly or through an architectural committee).
Studies show that 5 out of 4 people have problems with fractions