This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of Homeowners Without A Board In Washington
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Corporate bylaws are legally required in Washington State. Usually the board of directors will adopt initial bylaws at the first organizational meeting.
The board of directors is an essential—and required—aspect of any homeowners' association (HOA).
HOA governing documents are public record in Washington. An HOA must record its governing documents with the county land records to be enforceable.
The absence of an HOA board can result in significant risks, including financial mismanagement, where bills go unpaid and dues are uncollected, leading to financial instability. Residents and city officials can also bring about legal actions against the HOA, resulting in expensive court actions.
The board of directors is an essential—and required—aspect of any homeowners' association (HOA). Comprised of elected volunteers who live in the community, the HOA board is responsible for helping the association run smoothly, setting it up for long-term success.
The absence of an HOA board can result in significant risks, including financial mismanagement, where bills go unpaid and dues are uncollected, leading to financial instability. Residents and city officials can also bring about legal actions against the HOA, resulting in expensive court actions.
Although an HOA can't evict homeowners in the same way landlords can evict tenants, that doesn't mean homeowners are not totally safe from losing their homes. Depending on state laws and the governing documents, an HOA can foreclose on a homeowner's property.
The WUCIOA provides a legal structure for the creation, management, and termination of iniums, cooperatives, and planned communities. Effective since July 1, 2018, the Act is codified in Chapter 64.90 RCW and outlines the responsibilities of HOAs, developers, and owners within common interest communities.
HOA governing documents are public record in Washington. An HOA must record its governing documents with the county land records to be enforceable.
State law: Washington state has laws that specifically grant HOAs and COA (inium Owner Associations) the authority to create and enforce CC&Rs.