Soleil Association Management

What is a Quorum and Why is it Important?

A quorum is the minimum number of owners who must be at a meeting before business can be transacted. Nevada state law tells us what that minimum number is for the HOAs in Soleil Association Management’s Las Vegas communities.

Quorums

Quorums are important to the functionality and financial wellbeing of a community. Meetings that don’t have a quorum must be adjourned and rescheduled at a later date. This costs the association money and creates more work for the board. Achieving a quorum at a second meeting—if we couldn’t get one the first time—is even more difficult. 

So why bother to try again? It is because Las Vegas HOA boards are legally obligated to conduct an annual meeting. It’s an important part of conducting association business. During the annual meetings of Soleil Association Management’s Las Vegas HOAs, new board members are elected and the coming year’s budget is presented to the homeowners for approval. No quorum equals no election and no budget. This means the current directors will have to continue serving until an election can be conducted. It also means that last year’s budget will remain in effect until a valid meeting (one with a quorum) can be held to approve a new budget.

Proxies

Good news: You can be at a meeting and across the country at the same time by signing a proxy! That’s how you assign your vote, in writing, to another person. Proxies count toward the quorum, so they’re very important to the association.

We ask you to complete a proxy form, even if you plan to attend the meeting. That’s just in case something comes up that prevents you from attending. And, when you do attend the meeting, your proxy will be returned to you. 

Because proxies are so important to achieving a quorum, you may find us knocking on the door of your Soleil Association Management-managed Las Vegas HOA residence, calling on the phone, or even stopping you in the common areas asking you to sign a proxy form. We’ll do anything to achieve a quorum. Without it, we can’t do business; and eventually that affects you, the homeowner.

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