How to Start Homeowners Associations in Indiana
Starting a homeowners association is a good way to bring a community together to ensure that a neighborhood is well maintained. Although the laws are currently being reviewed in Indiana regarding homeowners associations, it is still not an overly difficult process. If you have any problems with setting the organization up, you have the option of hiring an attorney to navigate the process. You may also contact your secretary of state for more information on filing the necessary paperwork with the state.
Other People Are Reading
Instructions
-
-
1
Decide on the name of the homeowners association. This is a requirement, as the association will be a separate entity from any of the individual members.
-
2
Set up the board of directors for your association. The board of directors is charged with overseeing the organization.
-
-
3
Prepare the articles of incorporation and bylaws for the homeowners association. You can hire an attorney to help in this process or you could download a form from the Internet or purchase one from your local office supply store. These documents lay the groundwork for the association.
-
4
File the articles of incorporation with the secretary of state where you live. This formally creates the entity with your state.
-
5
Hold the first meeting of your homeowners association. At this meeting, the board of directors and the members will elect officers. This will include a president, vice president, secretary, treasurer and any other necessary officers to carry out the duties of the association. At this time, the members may vote on dues, or the board of directors may determine this prior to the meeting.
-
6
Conduct periodic meetings. Often, homeowners associations meet monthly, but this schedule is determined by the members and the needs of the association.
-
7
Hire a property management company. Many homeowners associations hire a property management company to collect dues and maintain the common areas of the property.
-
1
Tips & Warnings
Check with your local government officials for any specific rules you may be required to follow as a homeowners association.
Membership in a homeowners association is mandatory once it is set up. Therefore, you have to be certain there is support for the organization if you are setting it up in an existing neighborhood.
