The IRS tax return that lets HOAs exclude member dues and assessments from taxable income.
Software built to manage an HOA's dues, budgets, bank accounts, and financial reporting in one place.
The short-term debts an HOA owes to vendors for services already delivered.
The dues, fees, and assessments owed to an HOA that haven't been collected yet.
An accounting method that records revenue and expenses when they're earned, not when cash changes hands.
A tax based on property value that can apply to an HOA's common areas, not just individual homes.
Land that shares a border with another parcel, often at the center of fence and boundary disputes.
A way to resolve HOA disputes through mediation or arbitration instead of going to court.
The formal process of legally changing an HOA's CC&Rs, bylaws, or other founding rules.
Shared community spaces like pools and gyms that residents fund together through dues.
The legally required yearly meeting where HOAs review finances, hold elections, and vote on major decisions.
The official written record of votes and decisions made at an HOA's annual meeting.
The committee that reviews and approves exterior changes to keep a community's appearance consistent.
The committee responsible for reviewing homeowner requests to modify a property's exterior.
The formal application a homeowner files to make a visible change to their property's exterior.
The committee that reviews homeowner requests to change a property's exterior against community design standards.
The founding legal document that officially establishes an HOA as a corporation.
Extra fees an HOA charges beyond regular dues to cover unbudgeted costs.
A recurring payment option that automatically collects HOA dues without residents needing to remember.
A software feature that connects an HOA's bank accounts directly to its financial platform.
The regular gathering where an HOA's board discusses community business and makes decisions.
The list of topics a board plans to cover during a meeting, in order.
The process by which homeowners vote new members onto their HOA's board.
The official written record of decisions, votes, and discussions from a board meeting.
