How often do HOAs need to provide financial reports that include a balance sheet, receipts for work contacted and bank statements to the contributing members?
Can reserve funds be used to pay for the insurance deductible and any repairs that are not covered by an insurance claim for damage to common elements following a wind/hail storm?
Some residents have exclusive use of LCE sheds that are in our CCRs as appurtants to their units. None of them have been used by these residents in years. The board has been using them for storage. We have a waiver clause. Might we have to give them back?