Meeting and election records: Board meeting minutes, owner meeting minutes, agendas, notices, quorum documentation, ballots, and proxies. These are legal records that can be subpoenaed – they need to be accurate, version-controlled, and accessible.
Financial records: Budgets, bank statements, ledgers, invoices, reserve studies, audit reports, and tax filings. Most state HOA frameworks require financial records to be retained for 7 years minimum.
Owner account and enforcement records: Assessment HOA payment histories, delinquency notices, violation files, hearing records, payment plans, and collection correspondence. These files are sensitive and require stricter access controls than general board records.
Contracts and vendor files: Management agreements, maintenance contracts, bids, change orders, warranties, and certificates of insurance. When a vendor dispute arises years later, you’ll want these.

Insurance and risk records: Active and expired insurance policies, claim files, inspection reports, and incident documentation.
Architectural and maintenance records: ARC applications and approvals, architectural plans, work orders, inspection reports, and project files. These matter most when property disputes arise or major repairs are planned.
Building your document management structure around these seven categories – with defined retention periods, access rules, and naming conventions for each – is the foundation of a policy that actually works.