Imperial Point 1 Condominium Association HOA Largo Florida
Florida HOA Directory provides information for Imperial Point 1 Condominium board members, property manager, condo docs, rules and regs and a profile of Imperial Point 1 Condominium Association. This site is designed to assist homeowners, association board members, real estate professionals, real estate attorneys, title companies, mortgage brokers, banks, property management companies, government agencies and other professional industries.
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There are a variety of deed restricted communities (condominium complexes as well as neighborhoods that offer single family homes) located in Largo. In a deed restricted community, a homeowners’ association (HOA) enforces rules pertaining to how your property is used and what it looks like. Most deed restricted communities require an HOA fee that pays for the community’s upkeep and maintenance. These fees may be due monthly, quarterly, or annually.
Deed restricted communities are popular in the Largo area. The number of HOAs in the United States has risen from about 6,000 in 1970 to over half a million assocations in 2013 and Florida has seen some of the largest increases in HOAs due to growth and retirees moving here.
In the finest communities, HOA fees pay for amenities such as landscaping, heated pools, tennis courts, clubhouses, property management, security and much more. Homes that are located in deed restricted communities maintain their value (one of the reasons that deed restrictions are so popular). Regular maintenance means these homes and their neighborhoods won't deteriorate as is often seen in neighborhoods without deed restrictions. When it comes time to sell, these homes are more attractivve to buyers.
Role of the HOA Board of Directors
A homeowners association is run by a Board of Directors that is usually made up of homeowners who live in the association. It’s rare that someone who is not an owner in the association would be a member of the HOA Board.
Why should HOA Board Members be homeowners in the association?
People who are actually homeowners in the association will have a different perspective on issues in the association because they are directly impacted by them. This is especially true when it comes to decisions relating to monetary issues, like HOA fees. Owners in the association will also care more about the future and make plans for the association by considering the big picture, instead of just immediate ramifications. If there is a circumstance where a member of the HOA Board is not a homeowner in the association, then this person most likely would not have voting rights.
What are the offices of the Board of Directors?
In general, the HOA Board of Directors will have the offices of President, Vice President, Secretary, Treasurer, and Member at Large. The officers are usually elected at the first Board meeting following the annual association meeting. The term of office for a Board member typically lasts one year. The duties for each office look something like this:
- Presides at all HOA Board meetings
- Makes sure orders and resolutions are carried out
- Signs contracts and co-signs checks
- Takes the place of the President when he/she is absent
- Performs other duties as required
- Keeps meeting minutes
- Records votes
- Signs contracts on behalf of the association
- Sends meeting notifications
- Keeps member records current
- Receives and deposits monies
- Signs checks
- Keeps the accounting books
- Schedules an annual audit of the accounting books
- Prepares the annual budget
Member at Large
- Fifth voting member of the HOA Board
- Performs duties as assigned
What Other Duties Does an HOA Board Have?
The Covenants, Conditions, Restrictions (CC & R's) and By-laws in a homeowners association will detail the responsibilities of the Board. In general though, an HOA Board can also:
- Adopt and change Rules & Regulations to protect the homeowners, relating to the use of common areas and personal conduct of HOA members
- Employ a property manager or independent contractor
- Set the amount of HOA fees each year
Most importantly, an HOA Board is there to represent and support all members of the homeowners association. Board members should be fair, honest and always have the homeowner’s best interests in mind.