Navigating HOA compliance and adhering to HOA regulations are fundamental responsibilities for any board member. Community Financials helps by providing up-to-date information on legal requirements, compliance best practices, and regulatory changes that impact homeowners associations. Stay informed about the latest laws, understand how they affect your community, and learn how to implement policies that keep your HOA compliant.
Whether you need guidance on amending governing documents, enforcing community rules, or understanding state-specific regulations, these articles offer practical advice and resources to help your board maintain legal integrity and avoid costly compliance issues. Enhance your understanding of the legal landscape and ensure your community’s operations align with current laws and regulations.
If you’ve just discovered that your HOA never filed a tax return, it can feel overwhelming – but it’s more common than you might think. Whether due to a lack of clear guidance, volunteer board turnover, or just an honest oversight, plenty of associations find themselves in this exact situation. The important thing now is…
Surveillance cameras are increasingly common in condominium communities, offering a layer of monitoring for various purposes. However, it’s important to differentiate these from security cameras, as the presence of surveillance video is primarily for rule enforcement, not safety. Attorney Kristie Leff of Bender Anderson & Barba P.C in North Haven, CT advises that associations establish…
Recent Update: Filing Deadline Extended – March 21, 2025 HOA and Condo Boards, take note! The filing deadline for the Corporate Transparency Act (CTA) has been extended to March 21st, 2025. This extension, announced by FinCEN on February 19th, gives community associations extra time to comply with the Beneficial Ownership Information (BOI) reporting requirements. But…
Navigating California’s complex HOA regulations can be challenging for board members and community managers. Staying compliant with the latest legal updates is crucial to maintaining smooth operations and protecting the interests of homeowners. With the introduction of significant changes to California HOA laws in 2024, it’s more important than ever to understand how these regulations…
As of January 1, 2024 the Financial Crimes Enforcement Network (FinCEN) will require most legal entities, domestic or foreign, to report their Beneficial Ownership Information (BOI). How will this impact HOAs and Condominium communities? Do HOAs and Condo Communities have to comply with new 2024 FinCEN regulations? What is the Corporate Transparency Act About? The…
We wanted to share an excellent resource with you which will help you to figure out the reserve requirements for HOAs and Condos in each state. Our friends at the Community Associations Institute (CAI) have a digest of all the requirements since regulations governing Homeowner Associations and Condominium Communities vary greatly from state to state. What are…
Some states have comprehensive regulations for the HOA and Condominium Association industry. California having the second largest number of community associations in the country, with over 46,000 associations, is one of them. We have a growing number of homeowner association and condo community clients in California and wanted to distill these regulations into an easier…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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