Stratford Management has extensive experience in assisting Developers and Builders with establishing new communities as homeowners associations. Among the services we offer are—

• Creating and publishing Articles of Incorporation, to establish an association as a nonprofit corporation.
• Drafting Bylaws, CC&Rs, Design Guidelines, Plant Lists, and Rules and Regulations, to ensure that an association is governed in a fair, reasonable, and equitable manner (thus minimizing liability).
• Drafting pro forma, build-out, and operating budgets, and making recommendations to keep subsidy to a minimum whenever possible.
• Obtaining all forms of insurance coverage, as required by the governing documents, including insurance for Directors and Officers.

Also, to properly transition new projects we would—
• Establish a bank account in the Association’s name, into which assessments and membership fees will be deposited once sales begin. Setting up the accounting as quickly as possible will help to minimize developer subsidy requirements.
• Assist in obtaining a professional reserve study, which will enable an association to make short-term and long-range financial decisions regarding infrastructure maintenance.
• Arrange for an initial introductory meeting between the management team and the developer’s sales and site staff, to immediately identify important issues and to make certain that we are providing the necessary support for the developer’s marketing effort.

In summary, our goal for any developer-controlled project is to ensure that the association functions smoothly and transparently, so that the eventual transition to the homeowners will proceed easily and without incident.