5 HOA Terms Every Board Member Needs to Know
Mem Property Management
SEPTEMBER 4, 2024
Always check with an attorney for your state’s specific laws when implementing Rules. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) For instance, if the Declaration says rentals are allowed, the board cannot pass a Rule saying no rentals are allowed.
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