LewP1 (Alabama)
Posts: 1
Posts: 1
Posted:
when hiring a management company, is a vote required from homeowners.
A service of:
Community123.com
Professional websites for HOAs & condos, since 2004
Professional websites for HOAs & condos, since 2004
🎁 1st year FREE for HOATalk members! →
hiring a management company
Started by LewP1 • 4 replies • 1504 views
💬 Join us to post & get advice from 50,000 HOA & Condo leaders.
Create Free Account →
⚡ Takes 30 seconds
Already a member? Log in
GlenL (Ohio)
Posts: 5,491
Posts: 5,491
Posted:
No that would be the duty of the Board. As a rule the only thing homeowners get to vote on are elections/recalls and amending the documents. Everything else is a Board duty.
Studies show that 5 out of 4 people have problems with fractions
GlenL (Ohio)
Posts: 5,491
Posts: 5,491
Posted:
One caveat I forgot, in some states, the contract a Declarant signs with the MC is only valid for six months to a year after turnover to the homeowners unless renewed by a majority vote of the homeowners. Check your local HOA laws.
Studies show that 5 out of 4 people have problems with fractions
FredB4 (Ohio)
Posts: 375
Posts: 375
Posted:
Check your Declaration of Ownership. Until we changed it, we couldn't hire a management company without a 75% vote of the owners.
TimB4 (Tennessee)
Posts: 21,059
Posts: 21,059
Posted:
Lew,
Typically, no membership vote is required.
However, as Fred pointed out, there may indeed be such a requirement in your governing documents. You will need to read them to be sure.
Now, often the expense of hiring a management company may force a membership vote on the issue. This would be due to limitations in how much the Board may raise assessments. If the expense of a MC is greater than the Board's limit, either other expenses will need to be cut or a membership vote to approve an increase in assessments above the Boards limit would be needed.
Tim
Typically, no membership vote is required.
However, as Fred pointed out, there may indeed be such a requirement in your governing documents. You will need to read them to be sure.
Now, often the expense of hiring a management company may force a membership vote on the issue. This would be due to limitations in how much the Board may raise assessments. If the expense of a MC is greater than the Board's limit, either other expenses will need to be cut or a membership vote to approve an increase in assessments above the Boards limit would be needed.
Tim
🎯 You've read this entire discussion
Join the conversation with 50,000 HOA & Condo Leaders:
- ✓ Ask follow-up questions
- ✓ Share your experience
- ✓ Get expert advice
- ✓ Access 350,000 discussions
Create Free Account →
⚡ Takes 30 seconds
Already a member? Log in here