Firing HOA vendors can be a tricky task for many homeowners associations. The HOA needs to honor the signed agreement and cannot do so arbitrarily. What’s the best way to go about this? Here’s what HOA board members need to know. Firing HOA Vendors: Is It Allowed? Can HOAs fire a vendor under contract?…
Every homeowners association will need to hire vendors to maintain common areas. However, one thing that board members don’t always think about is vendor insurance. Is it necessary? How much coverage should vendors have? Let’s find out. What Is Vendor Insurance for HOAs? Homeowners associations work with various vendors. They hire vendors for landscaping,…
HOA contract bids are a necessary part of selecting new vendors. But, that does not mean you always need to get multiple bids for every little job. When Do You Need Multiple HOA Contract Bids? Securing bids from vendors is important for many reasons. It allows your HOA board to scope out possible candidates…
Far too many homeowners associations fall into the trap of signing biased HOA construction contracts. Avoid becoming one of them by familiarizing yourself with these contract must-haves. The Unfortunate Reality of HOA Construction Contracts Construction work is one of the major things that HOAs can’t accomplish in-house, whether it is for capital improvements or…