Transparency in the Information Age
Association members are welcome to read official association documents. There's nothing secret about the business of the association. In fact, you should already have copies of key documents like the bylaws or rules. Other common documents that are open for members to review include: · Board meeting minutes · Insurance policies · Financial statements and audits · Master Deeds and bylaws · Rules and regulations Here are some common ways this information is requested by co-owners: · Send the board a request in writing specifying exactly what records you wish to review, the date of those records and the purpose of your request. · A request is made by phone call or in writing (either hard copy or electronically) to the management company. · The County Register of Deeds holds all legally recorded documents that pertain to an association. Requests can be made, usually for a small fee at the office of the Register of Deeds. · Online within your Community's Web portal. Click here for access. Some requests might be denied if they involve ongoing legal or contractual obligations that might expose the association board or manager to liability. As board members it is important to realize that all of the business you conduct on behalf of the association is recorded in the meeting minutes. All co-owners have a legal right to these minutes and agendas so take care to keep the recording of those documents "official". |