HOA Blog - California
Board members are reminded to provide the management company with approved, signed minutes of all board meetings and executive session meetings even when a representative of the management was not in attendance. Corporate minutes are required to be taken and retained by the management company and the secretary of the association. Most importantly, board minutes are required to be provided to lenders when a unit or lot is sold and refinanced. The board should consider a professional recording secretary who can take minutes via Zoom. For information: Recording Secretary Services.
Coast Management of California is pleased to announce that we have been hired to manage a 101-unit condominium association in Tarzana, California.
Some HOA management companies are placing their clients, property managers, and themselves at great risk by failing to pay employment related taxes and Workers’ Compensation Insurance. Property managers hired by management companies are employees, not independent contractors. If your management company fails to pay payroll taxes and Workers’ Compensation Insurance, your HOA and its members are at great risk. Do not take a chance. Ask your management company if they are in compliance with the law. Coast Management of California is in full compliance.
Coast Management of California is pleased to announce that we have been hired to manage a 14 unit condominium association in Westwood, California.
Effective January 1, 2024, in the absence of a quorum, associations may adjourn a membership meeting to a date no less then 5 and no more than 30 days after the adjourned meeting, at which time the quorum shall be 20%.
Coast Management of California