Remove Condominium Remove Management Remove Physical Property
article thumbnail

5 HOA Terms Every Board Member Needs to Know

Mem Property Management

In other words, did you deal with homeowners, vendors, and management in an honest and fair manner. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) However, the big caveat is that you must follow the spirit of the rule. Did you act in good faith? Did you utilize care?