When you are starting a new HOA, attention to detail is essential. There are legal requirements, operational considerations, and other issues that require keen knowledge and extensive effort. A summary of Arizona and federal laws may be useful, but the relevant statutes are complicated. Instead of risking mistakes or taking time away from your own full-time job, consider working with Gilbert HOA property management services that can guide you through the process. Some benefits of establishing a new HOA with initial property management services include:
Legal Requirements for Establishing a New HOA
If you do not have a legal background, you may spend significant time researching Arizona laws on creating the HOA. You must file Articles of Incorporation, along with the required filing fees. Plus, you must ensure that the HOA is properly organized as a non-profit business. Property management service providers know the legal requirements and compliance issues because establishing a new HOA is a routine task that they are trained to perform.
Bylaws and Powers of the Board of Directors
In addition to the official filings with the State of Arizona, there are also governing documents. Bylaws designate the duties and powers of the HOA board of directors, and they cover a wide range of internal governance issues. Preparing the bylaws and defining the requirements for meetings takes knowledge and attention to detail, qualities you can rely upon from Gilbert HOA property management services.
Declaration of Covenants, Conditions, and Restrictions
Another foundational governing document is the CC&Rs, which contain the rules and restrictions for homeowners. There are also provisions regarding usage and maintenance of the common areas. Enforcement of the covenants and restrictions is another key feature in the CC&Rs. A property management company has experience and knowledge regarding the terms and conditions that are so critical for CC&Rs.
Developing Architectural Guidelines
One of the greatest benefits to homeowners in a community is uniformity and consistency. The Architectural Guidelines specify the rules regarding use and appearance of individual units, which supports and increases property value. However, this governing document is very detailed and requires a significant time investment. Property management services know the formulas that work for Architectural Guidelines, and can tailor them to your HOA needs.
Ongoing Property Management Issues
When you work with property management services for HOA boards of directors for a new HOA, you develop a business relationship and solid framework for issues that arise over time. The company has an in-depth understanding of your unique needs and challenges, so employees can provide assistance with ongoing issues. If your governing documents need amendment, you can trust the property management company to handle the task. There are also continued compliance issues under Arizona and federal laws.
Call Now for More Information on Gilbert HOA Property Management Services
If you would like to learn more about the benefits of establishing a new HOA with initial property management services, please contact City Property Management Company at 602.437.4777. You can also visit us online to request a proposal or read about our wide range of services for HOA boards of directors in Gilbert.