HOA’s are a great way to protect property values and the interest of homeowners in an association. However, as with any elected party, disputes are inevitable, especially when someone strays from the original plan or when board members cannot come to an agreement. With the best LA HOA Insurance policy and the necessary tools for conflict management, these issues can be resolved amicably.
According to Wise Property Solutions, state laws can impact how your HOA Board establishes a dispute resolution plan, so you should seek the assistance of your HOA attorney or property management company at the onset. Here are some helpful steps to resolve a dispute.
- Initiate the dispute resolution process by requesting attendance with the other party. A written request by the HOA board member will begin the process.
- Once both parties have agreed upon a location and time, the meeting will begin. This is the time to allow both sides to voice their concerns and discuss any possible solutions.
- If an amicable agreement is reached during this meeting, the agreement must be put in writing and signed by both parties. However, if an agreement is not reached, a third party will have to get involved.
- A third party must be called upon to resolve the issue. It’s important for this third party to remain neutral and consider both sides before coming to a conclusion. Once this agreement is finalized, it should be signed by both parties, as well.
About Scott Litman Insurance Agency
At Scott Litman Insurance Agency, we are dedicated to protecting HOAs like yours. We have a unique understanding of the industry and the common risk exposures that you face in your daily operations. In fact, we find that 90% of the policies we review are missing coverages that violate the Covenants, Conditions, and Restrictions (CC&R), exposing the board, HOA and management to lawsuits – which is why our comprehensive policies are tailored to meet your specific needs at competitive prices. For more information about our products, contact our experts today at (818) 879-5980 ext. 201, or fill out our online form.