A homeowners association (HOA) is a corporation formed by a real estate developer for marketing, managing, and selling homes and lots in a residential subdivision. In almost all states in the USA, they are non-profit corporations, with their members being shareholders. Like most associations, they need elections—this is where ElectionBuddy comes in. Whether electing new officers or passing motions outlined in the by-laws, ElectionBuddy could be the perfect solution for HOAs.
Online Elections Can Help HOAs by providing a streamlined, secure, and efficient voting process. This ensures all members can participate easily, enhancing engagement and decision-making within the community.
Homeowners associations are becoming increasingly popular in the USA. Common-interest developments (CIDs) are the fastest-growing form of housing in the USA, increasing the demand for effective governing bodies. Now more than ever, HOAs need reliable solutions for their elections, and online voting can be a game-changer.
As per by-laws, elections are usually held annually, where budget, positions, projects and changes to rules are call considered for review. Many states require a specific time of notifying homeowners beforehand, so they have time to familiarize them selves with all of the candidates and issues.
Similarly to Condominium Board elections, votes may be weighted in terms of the size of property or the percentage of the whole that an individual owns. Like many corporations, members may assign their right to vote, or “proxy,” to another member who will be present at the election. A quorum,often 51 percent or two-thirds of the total membership is necessary to conduct an election.
What’s the election process for your Homeowners Association? Feel free to share your experience with us on support@electionbuddy.com.