Raising the Bar for Homeowner Rights 

If you belong to one of the nation’s estimated 300,000 homeowner or condominium , there is a good chance that you are content with living arrangement. National surveys show that most of the 60 in and condominium are in communities, but not all association govern as responsibly as they should. When mismanaged, this lack of responsibility lead to homeowner frustration, factional conflict and, in the worst cases, expensive lawsuits.

A national research study, conducted by Zogby International, showed that to out of every 10 believe their elected homeowner members strive to serve the interests of the community. While this seem positive, if five in 100 boards are underperforming, at least 15,000 associations are not reaching their full potential.

That’s where Governance , recently developed by (CAI), come into play. guidelines can help community association boards identify and meet basic benchmarks of responsible governance; the cornerstone of a community. A of potential problem areas, annual meetings, rules, , appeals, assessments and more, are addressed by the guidelines, can help associations increase

Homeowner satisfaction. CAI says that their guidelines can enlighten boards, prompt constructive community dialogue and lead to more responsible, responsive and transparent governance -; not to mention more content homeowners. “There are a number of communities, especially and struggling associations, which can from these guidelines,” said Thomas , the chief executive officer of the non-profit CAI, which currently has 29,000 members. “We know there are community association boards that need to be reminded that residents to their expectations met.

 

Communities that want to move beyond the Governance Guidelines can adopt and   for Better Communities; 42 and practices designed to help association-governed communities promote harmony, enhance communication and reduce the potential for conflict. The spells out and responsibilities for both residents and community association leaders. Read more…

 

 

126 Comments on “Raising the Bar for Homeowner Rights ”

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