Question:
Is the Board of Directors different from the Homeowners Association? What if you don’t have a Board of Directors, can you just run the development with the Homeowners Association? If you only have the Homeowners Association, can they also operate as the Board of Directors? Please advise.
– Yolanda
Answer:
A homeowners association (HOA) is an entity — an association consisting of homeowners in a specific neighborhood or development. On the other hand, the board of directors or HOA board is a group of homeowners who act as leaders of the HOA. These board members are volunteer homeowners who are typically elected into office. The HOA board manages the community — preparing budgets, collecting dues, ensuring maintenance, and enforcing rules.
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