During my more than 20 years managing and consulting with homeowners associations, I have been able to identify gaps in the relationships between boards, current and future homeowners, and management companies. We all have a role to play. Where do real estate agents stand in that gap?
Reporting requirements under the Corporate Transparency Act have been reinstated for community associations, which now have until March 21 to file an initial, updated, or correct beneficial ownership information report with the Financial Crimes Enforcement Network.
Community associations need to closely monitor legal developments regarding the Corporate Transparency Act. As four U.S. district courts hear appeals related to the constitutionality and application of the act, any updates could further change requirements for community associations.
Committees play a crucial role in the success of community associations, offering valuable support to both board members and community managers. When boards and committees have defined roles and responsibilities, communicate well, and schedule special appreciation events for volunteers, communities thrive.
Committees are a vital part of community associations and can be of great value to board members and community managers. Here are a few tips that can create an environment of mutual respect and collaboration and ensure committee success.
