Penthouse Villas of Morningside

About

Penthouse Villas of Morningside

Understanding Your Role in Our Community

A helpful overview for prospective and newer homeowners about the responsibilities and realities of living in a small condominium association.

If you’re considering joining our community or have recently become a homeowner here, it is important to understand the unique dynamics and responsibilities that come with living in a small condo association like ours.

Small Community Living

Our HOA consists of just 12 units, which means every homeowner plays a crucial role in the maintenance and management of our shared spaces. Unlike larger communities with professional management, our board is made up of volunteers—your neighbors—who dedicate their time and effort to help ensure everything runs smoothly.

With only 12 units and 3 board positions, you may at some point need to serve on the board or take an active role in supporting the community.

Board Responsibilities

Being on the board is more than attending occasional meetings. There is ongoing work, and each board member is expected to help carry part of that responsibility.

  • Financial Management: The board handles budgeting, collection of dues, and management of association bank accounts. We do not keep reserves.
  • Maintenance and Upkeep: The board coordinates maintenance of common areas, from landscaping to structural repairs. This often means ongoing communication with contractors and, at times, dealing with emergency situations.
  • Community Communication: Keeping homeowners informed about issues, projects, and rule changes is a critical part of the board’s role. This can include emails, notices, newsletters, and meetings.
  • Compliance and Governance: Ensuring that homeowners follow community rules and regulations is necessary for the smooth functioning of the association and may require enforcement action when needed.

New HOA Laws (HB 1203)

There are new laws for HOAs that went into effect on July 1, 2024. Recent legislation, HB 1203, introduced new requirements that add to the board’s workload.

  1. Enhanced Record-Keeping: More detailed records of meetings, financial transactions, and communications must now be maintained.
  2. Increased Transparency: The law requires greater transparency in decision-making, which means more rigorous documentation and communication.
  3. Legal Compliance: Stricter regulations can increase the need for legal guidance, which may add to community expenses.
  4. New Board Education Requirements: It is now harder to serve on the board without becoming more involved.
    • Within 90 days after being elected or appointed, a director must complete a new director education curriculum.
    • Board members must complete at least four hours of continuing education annually.

More Information About HB 1203

New Homeowners

We absolutely love our community. Joining a small community like ours means more than simply living in a shared space — it means becoming an active participant in its management and upkeep.

The board cannot handle everything alone. We rely on homeowner involvement to help keep costs down and maintain a strong community. As mentioned above, there may be times when you need to be an active participant on the board as well.

We encourage new homeowners to get involved, whether by joining the board, volunteering for projects, or simply helping where needed. Your participation helps ensure that our community remains a great place to live while keeping expenses as manageable as possible.