FAQs – Business Park Property Owner Associations (POAs)
What is a business park Property Owners Association (POA)?
A business park Property Owners Association, or POA, is a non-profit organization formed to serve the collective and common interests of the property owners within a business park. The Association's governing documents dictate how the community is to be operated and maintained. The governing documents consist of the Declaration of Covenants, Conditions, and Restrictions (CC&Rs), Bylaws, Articles of Incorporation and Policies and Rules adopted by the Association.
Who oversees the Property Owners Association?
When and where are the POA board meetings held?
What does the Property Owners Association do?
The purpose of the POA is to care for the common interests shared by all the property owners within the business park. The membership of the Association is made up of all of the property owners and exists for the mutual benefit of the collective group of owners. The POA cares for the common areas and common area improvements within the business park. In an effort to maintain the quality of the business park, the POA also has administrative responsibilities. Administrative responsibilities include, but are not limited to, financial operations and member compliance with the provisions of the POA governing documents and policies. The POA works to ensure that the property owners (the members of the POA) each meet their financial obligations and comply with the provisions of the CC&Rs and policies. The policies are developed and adopted to supplement and clarify the conditions and restrictions as set forth in the governing documents of the POA (CC&Rs, Bylaws, Articles of Incorporation and Policies and Rules).
Do I need approval from the POA to change the landscaping, exterior or signage of my building or lot?
How am I informed about the operations of the association?
Each year, all members of the POA receive the annual budget, a current copy of the policies, a summary of the status of reserve funding (for long-term capital improvements and maintenance), the annual insurance disclosure and other important information regarding the POA. Additionally, all members receive a copy each year of the financials for the previous year, which have been reviewed by a third party CPA. If any policies or rules change during the course of the year, each member will receive the new information.
What happens if an owner violates the CC&Rs or policies?
How do I pay my POA assessment?
The governing documents of the POA establish the frequency of POA assessment payments. Payment of assessments can be made by check, by ACH (Automated Clearing House), or by online banking with your bank.
Where do my POA assessments go?
What do I do if I have an idea, question, problem or concern?
Please contact your management company, come to a board meeting or write the POA Board of Directors. At the board meeting, the owner comment period usually falls during the first 15 minutes of the meeting. For correspondence, please mail it directly to the POA in care of your management company at the POA address, or email it to an APM team member.