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maintenance of the common property,
arranging to landscape, and so on.
These are some of the tasks that would
be handled by the property manage-
ment company, who would in turn
consult with the board as outlined in
their contract. The most experienced
of these companies are experts in this
field, having managed a portfolio of
community associations of varying
sizes and makeups while providing
guidance on issues that they have
dealt with many times. They also have
the benefit of their experience work-
ing with many contractors, experts in
their given fields such as construction,
landscapers, and so forth, with whom
a board would seek to contract for
their services.
As an example of the critical and
substantive role that the property man-
ager plays for a community associa-
tion, one of the crucial guiding docu-
ments (aside from the Charter Bylaws
and the Covenants, Conditions, and
Restrictions (CC&R), is the periodic
Reserve Study.
"...larger, more
sprawling
HOAs, require
more attention,
experience and
expertise than a
voluntary board of
directors would realistically be
equipped to provide."
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