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2023 HOA Changes

This year, there will be a few important changes to HOA legislation. Following the passage of AB 1410, which was signed into law by Governor Gavin Newson on September 30, we will see the regulations outlined in this bill become effective at the beginning of 2023. AB 1410 addresses issues that arose from certain isolated […]

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Closing Out End-of-Year HOA Bills

As the year comes to a close, there are several tasks that need to be completed, including closing out the books for 2021. This year-end accounting encompasses processing financial documents, balancing ledgers, and reconciling accounts, which are all important factors that can negatively impact your association’s financial standing in the new year if not properly […]

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Finalizing Your 2023 Budget and Preparing for Annual Review

As we head into November, the new year draws nearer each day. For an HOA community, that means that the countdown has begun to finalize your budget for the upcoming fiscal year and prepare for your organization’s annual review. One of the key responsibilities of an HOA board is to effectively and responsibly manage the […]

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YEAR END PREPARATIONS: BUDGETING

To be prepared for 2023, it is important to have all your budgeting for your HOA community done before November 1st. Preparing an annual budget for an HOA community is not an easy task; it is a complex activity with many steps. A well-defined, well-written budget is a powerful financial tool allowing funds to be […]

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Solar Act

As the number of homeowners who have been turning to solar power as a source of clean, renewable energy continues to grow, people in certain neighborhoods have encountered problems due to the restrictions and regulations enforced in their communities. For those living in a community governed by a homeowners association, measures taken by the HOA […]

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Dues Assessments

Questions frequently arise about why associations raise dues and what the limitations are. HOA fees are determined by the anticipated expenses the association will incur to ensure a safe and clean environment for the community it governs. Expenses increase with inflation or when unexpected damages occur. Association dues can be raised or adjusted through regular […]

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Are you up to date on the new HOA Revisions?

As we continuously see changes within the California HOA laws, it can be difficult to keep up with the constant legal revisions. Our team is here to help you keep track of these updates and ensure the corrections in a timely manner to avoid any issues within your association. Below, we have summarized a few […]

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Is your HOA prepared for the new balcony inspection law?

Now is the time to begin inspections of balconies and other external structural elements to ensure they are up to the new codes. As of January 1 2020, associations with buildings that have three or more units must inspect load-bearing structures. All first inspections must be completed by January 1, 2025. Going forward, elevated structures must […]

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