More details to this question:
My HOA is in debt and is trying to raise our HOA fees from $140 to either $275 or $345 a month to cover their debt. We have a meeting Jan 14th to talk about this. Our HOA consists of only 6 owners due to the fact that the land developer abandoned the project. There has been no development for over a year. Things we were told would happen during our purchase (park, grass, etc.) never happened. Am we (home owners) legally responsible for their debt? Can they charge us to cover that debt?
1 ANSWER
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It is impossible to give you a direct answer without reading the HOA bylaws and charter. However, assuming that the HOA is acting within it's bounds and procedurally correct it has the ability to increase the dues.
If you want to challenge the increase you should consult an attorney to review the documents and the HOA board meeting minutes.
Good Luck.
Answered on Jan 05th, 2015 at 2:00 PM
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