These four interests are the association’s corporate, real estate, financial, and community priorities. The “Corporate:” HOAs are a legal entity and are governed by legal documents such as covenants and bylaws. AdvertisementThe “Fiscal:” HOAs collect money from the owners and then spend it to benefit the association community. The corporate interest often can conflict with the association’s community interest. is a Fellow of the College of Community Association Lawyers and Partner of Richardson Ober LLP, a California law firm known for community association advice.

Source: thestar June 24, 2023 21:57 UTC