HOMEOWNER ASSOCIATION TERMINOLOGY
Board of Directors
The Board of Directors are the elected Association Members who make decisions for the good of the Association: President, Vice President, Secretary, Treasurer, and Director(s) as Large.
The Association Manager is the person or entity who performs the day-do-day functions.
What do Governing Documents do?
The Governing Documents of an Association regulate the community life within the Association.
What are the different Governing Documents?
Documents may vary depending on the type of Association (single family, condo, etc.).
Applicable Civil Rights Laws
Civil Rights Act of 1866
This Act prohibits against racial discrimination. (14 Stat. 27)
Civil Rights Act of 1968 a.k.a. Fair Housing Act of 1968
This Act was passed to prevent specific discrimination in terms of ethnicity or race in regard to housing in the capacity of financing, sales, or renting.
Equal Credit Opportunity Act of 1974
This Act makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.
Fair Housing Amendments Acts of 1974 and 1988
The Act of 1974 added gender to the protected classes of the Civil Rights Act of 1968.
Americans with Disabilities Act of 1990
The ADA is a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.
HOA Legal Documents and Hierarchy
HOA Legal Documents and Hierarchy
Pursuant to AS 34.08.590, a Resale Certificate is required for a sale of property within many of the Associations we manage. Buyers are allowed 5 days to review per statute.
The Resale Certificate allows prospective buyers the opportunity to evaluate the financial stability and overall management of the Association. Here is a partial list of what a Resale Certificate contains and why it is important to review it carefully:
Amount of dues and how often assessed;
Pending special assessments, unsatisfied judgments or pending litigation, if any;
Financial reports and meeting minutes;
Pending capital expenditures in excess of $3,000 for the current and the next two fiscal years;
Insurance coverage: Directors & Officers coverage and/or General Liability coverage for the Association, if any;
A copy of all governing documents providing insight as to what an owner can or cannot do in the Association.
The Resale Certificate order form should be filled out and emailed or faxed to us for processing, if required. We request 10 days to process.
ASSOCIATIONS WE MANAGE
Aero S/D on Wolf Lake Homeowners' Association
Brentwood Estates Owners' Association
Creekshore Estates Homeowners' Association
Crimsonview Owners' Association (Consumer Confidence Report)
Eagles Roost Owners' Association
Inlet View Owners' Association
Iris Circle Water Corporation (Consumer Confidence Report)
Lake Pointe Homeowners' Association
Northern Comfort Estates Owners' Association
PAAQ Hangar Association
Paradise Park Homeowners' Association
Ridgewater Coves Owners' Association
Scotwood Water Association (Consumer Confidence Report)
Serendipity Home Owners' Association
Settler's Bay Airstrip Association (part of Crocker Creek S/D, Phase II)
Sheena May Estates Homeowners' Association (Consumer Confidence Report)
Violet Circle Water Association (Consumer Confidence Report)
Wildrose Circle Water Corporation (Consumer Confidence Report)
Lawrence Airfield S/D including Aviation Ridge - Resale Certificate ONLY