Remove Article Remove Condominium Remove Physical Property
article thumbnail

5 HOA Terms Every Board Member Needs to Know

Mem Property Management

Governing Documents The declaration, bylaws, operating rules, articles of incorporation or other documents which govern the operation of the association. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) They will spell out exactly what you can and can’t do when governing the community.