NO ONE WANTS TO BE PRESIDENT

Our president passed away. We are very small with only 12 units. 3 are still owned and rented out by the developers. 4 more are rented out by owners which do not live in them. Those owners do not want to be president. That leaves five of us and none of them want to be president. I am the treasurer. No one wants that job either. We have one board member now, maybe two besides myself, but they will be of little help. My questions:

Since we are so small,
1. ...do we have to have a president? Can we just rely on all of us together?
2. and.....can I be president and treasurer also? I will add someone on to our checking account.
3. Would you know of an online site to talk to other presidents and manages on a one to one?

I am taking over the duties and will run everything by the board or all of us that own besides the developers, but if there are problems, I don't know that I can handle them properly.

We are just stuck. We have a small pond and I don't know a thing about taking care of it. The president did all of that. I've contacted our county soil and water company to find all about that.
Katherine

Sounds like your HOA is on its way to receivership. The cost will be mighty. To avoid this, google on the subject and send out a newsletter explaining that if no one volunteers, then people will get to pay a lot. To avoid receivership, consider appointing just enough board members to vote to pay board members. Maybe this will get some people to serve on the board. It will be a lot less expensive than receivership.

Someone has to have the title.

This is needed because of Corporation requirements and, very likely, requirements within your governing documents. You can rely on everyone working together, but someone has to have the title and signature.


This will depend on your governing documents.

Some Bylaws or Articles of Incorporation, specify that the office of the President and another office may not be held by the same person. Some governing documents have no such restriction.

Remember, you can always amend the governing documents if restrictions exist.


In my opinion, all Directors should be on the bank accounts signature card.
This allows bills to be paid if there are vacations or if the worst should happen.

Who has physical custody of the checks is different and should not affect who is on the signature card.


This site can help you a lot as many have served on their boards in various positions.

If desired, you can email me at [email protected]
Keep in mind that I only check that email when I am at work.

You should also read your governing docs to see what president's responsibilities are. The new president doesn't have to try to fill the shoes of the old one, taking on all of the responsibilities the old one did. Normally the duties are things like running board meetings, signing contracts, etc. It doesn't have to be a one-man show of running all facets of the association single-handedly.

Having directors take a more balanced approach to the boards duties might not make the presidency such an overwhelming burden.