The Basics
Policies, Procedures, Rules, Regulations, and Resolutions: What’s the Difference??
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- Created on Wednesday, 04 January 2012 12:24
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You’ve, no doubt, heard the terms “policies, procedures, rules, regulations” and “resolutions” used many times in the industry. But have you ever wondered what all these different terms mean and whether there is a difference as to which term you use? Despite popular belief, there are subtle differences in these terms, which are outlined in the below checklist. As you will see from the checklist, there are also several similarities between and overlap of the terms.
Document Amendments Myths
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- Created on Wednesday, 08 June 2011 11:57
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Top Document Amendments Myths And Misunderstandings Although document amendments lead to desirable results, boards frequently refuse to utilize this tool based on commonly held preconceived notions and popular myths about the process. This article addresses the top 10 myths and misunderstandings pertaining to document amendments.
Myth #1: Bylaws may be amended by the board without owner approval.
Motivating Boards to Make Sound Financial Decisions
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- Created on Thursday, 05 May 2011 11:16
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1. Always plan enough time on the Agenda to review the monthly financial statement.
2. Make sure each board member understands the monthly variables between the budgeted numbers and the actual numbers. Record the information in the minutes.
TO AMEND OR NOT TO AMEND
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- Created on Wednesday, 08 June 2011 04:00
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- Category: The Basics
A community association's governing documents - its Articles of Incorporation, Bylaws, and Declaration or covenants - typically fall within three categories: the good, the bad, and the ugly.
Take this quick self-test to determine where your documents fall:
Living in a Community Association
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- Created on Monday, 02 May 2011 12:25
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- Category: The Basics
Fall is a busy time for Common Interest Developments. Volunteer homeowner Boards return from vacations ready to make decisions before the end of the year. Budgets and Reserve Studies are due to be mailed to the membership before fiscal years that end on December 31. It seems that time accelerates with Halloween coming up, then Thanksgiving and before you know it decorations begin appearing for Christmas. Pools and pool furniture are sometimes refurbished during the down time before spring. Hopefully, roofs have been inspected and repairs made before the winter rains. It is a good time to volunteer to help the Board or to watch what the Board is doing by attending your monthly community association meeting.
