Urging The Real Estate Commission To Develop Policies And Programs To Inform And Educate Condominium Association Owners And Board Members Of Certain Matters To Promote The Efficient Administration Of Condominium Associations.
As part of its provisions, HCR99 addresses the increasing repair and maintenance costs associated with aging condominiums. Such costs often result in higher maintenance fees and special assessments, which can lead to conflicts between unit owners and their governing boards. By promoting education and awareness around these issues, the bill seeks to improve relationships within associations and mitigate potential disputes.
HCR99 is a House Concurrent Resolution which urges the Real Estate Commission of Hawaii to develop policies and programs aimed at educating condominium association unit owners and board members. This initiative is intended to enhance the efficient administration of condominium associations by addressing key aspects of condominium governance and management. The resolution highlights the roles and responsibilities of unit owners and board members, the importance of maintaining effective communication, and the need for understanding governing documents.
The resolution recognizes the potential for disruption and discord in condominium associations when financial pressures arise. Raising awareness about effective governance practices and dispute resolution processes, including mediation and arbitration, is seen as essential for fostering a cooperative environment among members. Moreover, by recommending the use of the Condominium Education Trust Fund, the resolution ensures that the educational efforts will be financially supported, thereby improving compliance and understanding of condominium management among unit owners and board members.