Thursday, April 26, 2012

Hoa

Thomas asks…Does an HOA management company have the legal authority (without a power of attorney) to bind a HOA?Let's say an HOA BOD makes a decision to approve a bid from various vendors. After this approval, the management company then runs out and signs the contract with the vendor without (1) providing the contract to the board for review (2) getting board approval of the contract. Is this contract binding?Anne answers:It's binding if the BOD does not oppose the action taken by the management company. BOD silence implies that it is in agreement. BOD should oppose immediately if it

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