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A Breakdown of HOA Governing Documents

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/ / 0 8 BYL AWS Bylaws are the formal rule book for the administration and day-to-day management of the association. In the bylaws, you'll discover how the association functions and the specific powers and duties, like: • Board nomination and election processes • Board size • Board term lengths • Board responsibilities • Meeting frequency • Quorum, voting rights and requirements • Budgeting procedures • Powers and process for hiring a community management company 7 6 5 4 8 9 10 3 C

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