Professional managers offer a wide variety of services to homeowner associations including accounting, budgeting, record keeping, assessment collection, bill payment, meeting coordination, and common area maintenance. Associations choose from among the services available and enter into a contract with the manager describing the scope of work. The management contract should also include the fee, the duration of arrangement, and the circumstances under which the arrangement can be terminated early. Some governing documents limit the duration of management agreements or require specific early termination provisions. Most governing documents list certain association functions that cannot be delegated. Non-delegable functions typically include borrowing money, levying assessments, making capital expenditures more than budgeted amounts, and imposing discipline for violation of the governing documents. Regardless of what functions are delegated and regardless of the content of the management agreement, the board retains the duty to supervise the manager and the authority to override any decision.
