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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

The documents below the line are more fluid and can clarify the property restrictions in the documents above them, but cannot contradict documents higher in the hierarchy. Always check with an attorney for your state’s specific laws when implementing Rules. Is there a percentage wind or hail deductible?

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“Wildfires, Insurance & Mortgages: Will Your Home Survive the Financial Aftermath?”

Esquire Property Management Group

These measures guarantee that the lender’s security interest in the property is protected. Mandatory Property Insurance Coverage As long as there is a loan balance attached to real property, the borrower must keep hazard insurance on the property, which covers hazards such as fire, windstorm, and other common perils.

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