What should a property owner association packet contain?
The Act specifies the contents of the packet. For example, the name of the association, pending assessments or expenditures of funds, a statement of fees including assessments, a current reserve, study report, current budget, notice as to any pending law suits against the association, insurance coverage information, a statement whether the lot and house are in violation of association rules, copy of the declaration, bylaws, and rules and regulations, minutes from any board of directors or association meetings for six months preceding, etc.

Posted By: Brian D. Lytle, Esq. on Monday, March 15, 2010