California HOA Escrow Services
Pledge by Nominee for Election to Board of Directors
Following is a sample pledge to be signed by a nominee for election to the board of directors of his or her HOA:
As a nominee for election to the board of directors, I have read our homeowner association’s Bylaws, CC&Rs and operating Rules.
If elected to the board of directors, I pledge to do all of the following:
- Comply with the Association’s Bylaws, CC&Rs and Operating Rules as they exist unless superseded by law;
- Obtain the advice of experts, if and when appropriate, including attorneys, construction experts and others;
- Read the Davis-Stirling Act at least once each year when the yearly amendments become available and to comply with the law;
- Read the management agreement in effect between our association and management company so that I am aware of the management company’s contractual responsibilities and those areas where it has no contractual responsibility;
- Pay my assessments before they become delinquent and strictly comply with the governing documents of our association;
- Attend all board meetings and homeowner meetings unless it is absolutely not possible to attend;
- Accept no compensation from the association, members of the association, or vendors and contractors providing goods and/or services to the association;
- Comply with the Open Meeting Act as set forth in the Davis-Stirling Act;
- Make certain that agendas are posted and/or distributed to all members in advance of association meetings and that minutes are taken and maintained of all meetings as required by law;
- Hold annual elections for the board of directors according to the association’s Election Rules, Bylaws and California law;
- Provide members of the association with an email address so that members can make direct contact with me, if required;
- Obtain a reserve study from an expert in the field every three years, and to review and adjust it annually between reserve studies as required by law;
- Avoid conflicts of interest with the association if possible and to recuse myself from voting on a matter where a conflict or the appearance of a conflict exists;
- Adopt realistic annual budgets each year in order to avoid the hardship and liability associated with special assessments;
- Honor my fiduciary duty to the association at all times by placing the association’s interests above my own personal interests;
- Read all written contracts with contractors and vendors so that I am aware of their obligations as well as the association’s obligations; and
- Treat other board members, homeowners, vendors, contractors and management company representatives with professional courtesy and respect at all times
I have carefully read and understand this pledge and promise that if elected to the board of directors of our association, I will honor it.
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Signature
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Print Name
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Date
Coast Management of California
818-991-1500