Tim Arel: on Condo Committees
Condominium Association Committees
Condo Assocation Committees re
important to condo associations because it gives its members, that may not have
the time, skills or desire to be on the condo board, a chance to get involved
in the condo association in other meaningful ways.
Being part of an association committee can renew a condo association member's
pride of ownership which will create a stronger condo association or HOA by
strengthening the owner's feeling of being vested in the property. A strong
sense of vested ownership is the backbone of a good condo association. It's
also a good way to pull absentee landlords into participation.
Most importantly, it lets some people other than condo association board
members do some work! Let's not forget - being on the condo association board
is not always about doing the work yourself. You should leverage committees to
get other association members involved.
Some Committees your Condo Association or HOA can form:
Financial Audit Committee - Committee
should meet at least once per quarter to review the condo association's
financials. Is the condo association spending too much money? Is there enough
reserve? Are the condo fees covering the true costs of maintaining the
property? A Financial Audit Committee should review the condo budget and make
recommendations to the condo trustees or board. This should be done regardless
if there is a property management firm in place or not.
Social Committee - Would it hurt
to have a drink with your neighbors once or twice a year? A social committee is
an easy way to get people involved to do the party planning.
Project Committee - We recently
assessed to renovate our lobby and three association members that have never
been too involved before offered to oversee the renovation and are doing a
great job. Most importantly, they are excited about the project and how it will
impact the building. Once again, it also gives the perpetual condo board
members one less thing they have to oversee.
Security Committee - Is your HOA
concerned with crime or liability? A Security Committee should look at the
property and things that can be done to mitigate crime or injury that may occur
on premise. Recommendations should be made to the Condo Association Board.
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