| Planning A
Homeowners Association is a unique combination of a quasi-government and mutual
benefit corporation. It must be viewed as an integral part of the product that
is being created and marketed. The
Homeowners Association first takes shape in the projects' early designing stages
usually because of the relationship of buildings to land. This relationship will
dictate the legal form the Association will take such as, condominium, townhouse,
mixed use or master planned community. How does this form match the buyer target
market? How will this form translate into a monthly assessment? What kinds of
product and marketing options do each of the forms provide? Attorneys
are asked to create a Homeowners Association through the preparation of legal
documentation known as Articles of Incorporation, Covenants, Conditions, and Restrictions,
and By-Laws. However, few attorneys have direct management experience with the
entity they have been asked to create. An unanticipated nuance related to parking,
architectural controls, pets, maintenance, or insurance can cost enormous amounts
of the developer's time and effort in the later stages of the project. At
Bicksler and Associates we: - Department
of Real Estate budget preparation
- General
consulting with development team
- Amenity
Planning
- Management
Review of the Articles, CC&R's and By-Laws
- Advise
regarding the services to be delivered by the Homeowners Association
- Planning
for maximum developer flexibility
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