Kuester Management Group Breaks Down HOA Management Agreement Guidelines

CHARLOTTE, N.C. - Oct. 16, 2024 - PRLog -- Many homeowners associations (HOAs) employ HOA management companies to help run day-to-day operations and keep communities functioning effectively. While the scope of services can vary, this partnership requires clear communication and expectations. Kuester Management Group has released a statement to the press regarding the creation of HOA management agreements and what should be included.

"Having a comprehensive contract is place is essential," says Bryan Kuester, President of Kuester Management Group. "Both parties should know exactly what they are responsible for and the terms of this agreement. Putting everything in writing is not only important for legal purposes, but it provides a reference point should questions arise."

The board should take the time to determine exactly what role it wants the HOA management company to play, says Kuester. What services will it provide, and to what extent? Does the association need assistance with financial management, staying on top of administrative tasks, maintaining communication with members, overseeing vendors and projects, or a combination of these things and more? The agreement should include everything the management company will cover and how, leaving nothing up to interpretation.

Another critical section of the agreement is the specifics around the duration of the contract, the payment terms and schedule, and what the processes are for updating, renewing, or terminating the contract. This includes any restrictions or penalties.

"Both parties should work together to resolve any disagreements and reach mutually agreeable terms," says Kuester. "Although these types of contracts are developed all the time, it is a good idea for the board to have its attorney do a final review to ensure that everything is legally compliant, enforceable, and protects the association's best interests."

Kuester Management Group works with North Carolina and South Carolina HOAs to develop management contracts that are tailored to the associations' specific needs and goals. Learn more about the company and its services by visiting www.kuester.com.

ABOUT:

Kuester Management Group, a division of Kuester Companies, works to protect property values and enhance the quality of life in each of its managed communities. Providing a full range of association management services, Kuester Management Group has worked to foster strong, resilient, and unified communities across North and South Carolina. The company is proud to offer on-site property managers, all zealous for building strong communities meant to stand the test of time. More information is available at www.kuester.com or @KuesterCompany.