Home Buying in San Francisco>Question Details

RSW, Other/Just Looking in Belmont, CA

Is there any rule that requires HOA monthly minutes to be disclosed for each month?

Asked by RSW, Belmont, CA Wed Jul 21, 2010

.. the set of HOA docs I have has months missing. I haven't asked the HOA management or seller about it yet - just wondering if this is a red flag or not. It was a soft copy in PDF format so I figured I might have printed it out incorrectly, but lo and behold after double checking it seems spotty.

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Richard,

Basically the Constitution for condominiums here in CA is the Davis-Stirling Act. Any time you want to check what is "normal" or "required," chances are it's covered in Davis-Stirling.

http://en.wikipedia.org/wiki/Davis-Stirling

That said, not all HOA's meet on a monthly basis.

Good luck and please let me know if you have any questions.

Rob Spinosa
rspinosa@rpm-mtg.com
0 votes Thank Flag Link Thu Jul 22, 2010
What I'm getting as is - can I trust the HOA docs? Especially if whoever records the minutes is just a volunteer, why should I expect to hold them to (for example) the standard of accuracy I'd expect from a journalist?

Yes, I have an agent - he's very good. I just figured I have Trulia as another tool I can use to tap into the collective GENIUS of you all (and to reveal my personal ignorance and stupidity :) ).
1 vote Thank Flag Link Thu Jul 22, 2010
Hi Richard,
Check with the HOA about their meetings and how often they have them... I agree with Lance. Some HOAs meet 4 times a year not every month.

Hope you have already found your answer!
Best,
Anna Shea
Barbagelata Real Estate Co.
Web Reference: http://www.nativesf.com
0 votes Thank Flag Link Wed Jul 28, 2010
Richard,

Although some of the larger HOAs have monthly meetings, most do not, and the smaller ones frequently have their "meetings" by email. In the disclosure package you should see meeting minutes for the last year, however many there were.

One thing I'm curious about - are you buying something on your own? Your question here is very basic, but I see you have asked asked a lot of purchase questions in this forum that your agent/broker should be able to answer. If you don't have one you should seriously consider it - this market has a lot of issues/concerns that don't exist elsewhere and an experienced, knowledgeable agent/broker can save you tons of money and/or help you avoid getting into units/buildings with issues.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Thu Jul 22, 2010
Yoggi, I think I like you. ;)

I shouldn't be on Trulia this late..
0 votes Thank Flag Link Thu Jul 22, 2010
Richard,

I like your sense of humor.

Oggi Kashi,
Broker Associate - DRE 1844627
Paragon Real Estate Group
Web Reference: http://www.oggikashi.com/
0 votes Thank Flag Link Wed Jul 21, 2010
Richard, for you... I'll work for free. Gotta love a sense of humor =]

agent@gregorygarver.com
0 votes Thank Flag Link Wed Jul 21, 2010
@Gregory - ok send me your email and I'll paypal you a buck :)
0 votes Thank Flag Link Wed Jul 21, 2010
Many HOA don't meet monthly....heck, some meet only once a year! So unless you have a very active board and HOA, don't expect monthly minutes.

But you should make sure that the financial report is current
0 votes Thank Flag Link Wed Jul 21, 2010
Are you sure the HOA had meetings each and every month? It's possible they had less than 12 meetings in a year.

Oggi Kashi,
Broker Associate - DRE 1844627
Paragon Real Estate Group
Web Reference: http://www.oggikashi.com/
0 votes Thank Flag Link Wed Jul 21, 2010
HOA Boards don't necessarily meet every month. They may only meet quarterly or on some other schedule.
Web Reference: http://www.SFisHOME.com
0 votes Thank Flag Link Wed Jul 21, 2010
Trulia.com: where agents work for free!
0 votes Thank Flag Link Wed Jul 21, 2010
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