Q: After an HOA is dissolved, is management of the property required to be done by a third party? Or can it be done by the
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A:
Under California law, once a Homeowners Association (HOA) is dissolved, the management of the property does not have to be done by a third party. The property owners within the community can take on the responsibility themselves. This can involve forming a new group or committee to handle the duties that the HOA previously managed.
However, managing the property without an HOA can be complex. Property owners need to ensure that all maintenance, repairs, and other necessary tasks are still performed efficiently. They will also need to create a system for collecting funds from all property owners to cover these expenses.
If the property owners find it too challenging to manage the property on their own, they do have the option to hire a professional property management company. This can provide a more structured approach to handling the responsibilities that come with property management, ensuring that all tasks are completed according to legal and community standards.
Ken Sterling agrees with this answer
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