The governing documents of any homeowners association are packed with legal jargon and industry terms. The sooner you familiarize yourself with this terminology, the easier time you’ll have. You’ll need to know things like: What is a fiduciary duty? What is Common Area and Exclusive Use Common Area? What constitutes “good business judgment”? Your property manager can provide you with a list of common terms and their meanings.
You’ll also need a clear sense of who does what inside and outside of the association. Understanding the roles and responsibilities of the board, association members and management company will help you see the bigger picture of how each contributes to the success of the association.