Governance
Management company
A management company is a vendor that handles admin work—billing, vendor payables, notices, and sometimes on-site staff—for a monthly fee. The board still sets policy and approves major contracts. Good managers execute; they do not replace volunteer oversight.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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