During initial sales and construction phases, the board often includes builder or developer representatives. The board's fiduciary responsibility is to make decisions in the best interest of the community. This includes ensuring that the governing documents are upheld, the integrity of the common areas is maintained, and community issues are addressed on behalf of the association.
The Board of Directors is an oversight body composed of homeowner volunteers who are elected by the association homeowners. The Board of Director's role is to fulfill its fiduciary duties in the best interests of the community.
The fees collected are used to administer, operate and maintain the common areas. Maintenance fees are paid monthly or quarterly, depending upon the association.