In most HOA governing documents there is probably no more unclear topic than the section addressing commercial vehicles. Usually, the language is sparse and broad at best. In many instances the language will be similar to: “No commercial vehicles are to be parked on the street or in a member’s driveway.” First and foremost,…
Below are six common insurance terms that routinely come up while serving on a HOA board of directors. Indemnity – the insurance company indemnifies, or compensates, the policyholder in the event of certain losses only up to the policyholder’s interest. Insurable interest – the policyholder generally must directly suffer a loss. This legal…
Unfinished Business, Yes; Old Business, Never! “Old Business” means that you are reconsidering issues already disposed of. “Unfinished Business” means that you are continuing with issues which are currently not completed (RONR (10th ed.), p.346). Before the current agenda is put together, the secretary advises the chair of the issues which were not disposed of…