INC NEWS - new HOA laws and seminar

[Mike - Hotmail]

Randy,

Thanks for posting this message to the listserve.

There are some new regulations that will affect HOA (Home Owners 
Associations) January 1st.

And you are correct,  Neighborhood Associations (like Forest Hills, Watts 
Hospital, Trinity or Duke Park, or Old North/West Durham ) are NOT affected 
by these rule and regulation changes to the Planned Community Act of 1999. 
They deal only with Planned Communities and in some cases Condominium units.

A good resource is the link 
http://www.ncga.state.nc.us/EnactedLegislation/Statutes/HTML/ByChapter/Chapter_47F.html

If you are reading this and you live in a 'development' that was created by 
a developer that has by-laws, covenants, a governing homeowners association 
and/or board with or without a property management company you may be 
affected by these changes and ought to be aware of some of these changes to 
our NC statues.

Some of them directly affect your home and the common areas within your 
development community.

HOA-NC www.hoa-nc.comis one source of information.

CAI-NC www.cai-nc.org is another.

Before you decide which organization to spend your money going to a seminar 
for,  I encourage you to learn about each of them by visiting their 
websites.

But I strongly encourage you to learn about these changes.

If you are a Realtor, a real estate representative, a developer, homebuilder 
or in the property management business it might also benefit you from 
learning more.

Mike Shiflett



----- Original Message ----- 
From: "RW Pickle" <randy at 27beverly.com>
To: <inc-list at durhaminc.org>
Sent: Friday, October 07, 2005 4:09 PM
Subject: INC NEWS - new HOA laws and seminar


I am posting this to the INC list thinking it may help other HOA's here.
It is not relative to Forest Hills.

RWP

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Dear Forest Hills Homeowner Association Board or Committee Member:

Fast forward to your first board meeting of 2006: chances are that there
is at least one resident who will appear at your board meeting to
challenge the association's compliance with the new homeowner association
laws. Is your board prepared?

Was your association created before or after Jan 1, 1999? Do the new laws
supercede your covenants? Does your association have a 'Best Practice'
Policy for Fines and Collections? Have you checked your local sign
ordinance? What financial records must be made available to residents?
Are the association bylaws specific about payments and reimbursements to
board members? The Law Firm of Bailey and Dixon will answer these and
other questions at the Raleigh seminar.

The first seminar on the new House Bill 1541 is in Raleigh on October
25th! Registration has been steady and seating is limited. There are
over 3,400 associations in the Triangle region and seating for only 250
associations. Register online now and ensure that your association is
prepared on January 1, 2006.

Please visit www.hoa-nc.com to learn more and to register to attend a
seminar in your area.

Thank You,

Jim Laumann, President
Homeowner Associations of North Carolina (HOA-NC)
www.hoa-nc.com
jlaumann at hoa-nc.com


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