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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

The straightforward definition of “fiduciary” alone is stated as: involving trust, especially with regard to the relationship between a trustee and a beneficiary. That definition is not very practical. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) It boils down to trust.