The Distinct Community Role Played by Homeowners’ Associations

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Information about The Distinct Community Role Played by Homeowners’ Associations
Business & Mgmt

Published on March 13, 2014

Author: impacpropertymanagement

Source: slideshare.net

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The Distinct Community Role Played by Homeowners’ Associations

The Distinct Community Role Played by Homeowners’ Associations

The Distinct Community Role Played by Homeowners’ Associations Serving more than 80 New Jersey real estate communities, IMPAC Property Management works closely with homeowners’ association boards to ensure their specific requirements are met. IMPAC Property Management takes pride in a collaborative approach that ensures consistent responsiveness to the issues that associations handle on a daily basis.

The Distinct Community Role Played by Homeowners’ Associations Homeowners’ associations play a vital role in maintaining residents’ quality of life in planned developments. Organized by developers, all property purchasers must join the community’s association and pay set membership dues. Money collected typically goes towards ongoing repair and maintenance projects that ensure that basic standards of safety and appearance are met. Serving on a volunteer basis, elected association officers are responsible for collecting dues and filing liens in cases where payments are not received.The board also sets in place regulations concerning the use of common areas such as sidewalks, pools, parking lots, and indoor spaces. Because most boards are volunteer-driven, companies such as IMPAC Property Management play a vital role in ensuring the integrity of association functions and that all necessary actions are carried out in a timely, cost-effective manner.

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