| london_explore "The HOA president shall sit a maximum term of 1 year, after which they shall be barred from all roles within the HOA for 3 years" To do this would be foolish. It take years to fully understand what can happen in any HOA. A one year term limit would create problems that allow other parties to manipulate the HOA. This would also encourage the use of a "management association(MA)", an outside contractor who signs a contract with the HOA giving all HOA control to the MA. Having an MA does allow "things to get done" but also increases costs radically and usually removes control from the HOA officers. So your choice is: a ) Have an HOA - you must deal with crazy people (about 1/3 of your membership - seriously), or b) Have an MA - you will have to pay more because you have given up HOA control. The modern condominium agreement is a well-examined standard document that almost works. There is one problem with most condominium agreements: they allow owners to rent their units. Once this begins to happen, then entrepreneurs move in and work to take over the condominium, drive the condominium value down, buy everyone out at a low price and resell at a high price. This may also involve tearing down and rebuilding/repurposing land. Altering the condominium agreement to disallow owners from renting units would correct this weakness. But most people find this an offense against ownership. Nonetheless condominium unit rental is a weakness that should be eliminated from most condominium agreements. |