Four key interests are the association’s corporate, real estate, financial and community priorities.
The ancient Chinese concept of yin and yang deals with opposite and inseparable forces. Common interest developments have their own yin-and-yang issues, in which four basic and inseparable priorities must be balanced to produce a successful and harmonious community.
Property: HOAs are real estate developments, and their boards must act to preserve, protect, and maintain the common area and the community’s architectural continuity. Buildings, streets, and other common elements must be repaired and maintained. The real estate interest can often conflict with the finances, as a board tries to keep the property in good repair but also keep the budget under control.
Community interest might influence a board to take extra effort to inform the community in advance of a significant project, even though the board may have the legal power to pursue the project without member vote or input. Community interests are advanced by member communication and may cause a board to occasionally issue a warning before citing members regarding violations, or to plan and fund community social events to promote neighborly interaction.
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