QUESTION
What should it cost to rewrite our CC&Rs?
Asked on Jun 28th, 2016 on Real Estate - California
More details to this question:
We have an Association that needs to rewrite our CC&Rs (originally from 1985). We have decided to hire an attorney to help us, but we have no idea what to charge. The association has less than 100 members and we are not updating the bylaws or rules.
1 ANSWER
I have a friend who specializes in this. I just got a quote for a client and the price is $7500.00. That includes updating your bylaws and your rules. That's not optional. There are lots of changes to the Davis-Stirling Act which make changes to your bylaws and rules mandatory. If you continue to follow your bylaws or rules, and the Davis-Stirling Act requires a different process, waht your HOA will have done may be invalid and unenforceable. On the other hand, some provisions allow the HOA to vary the procedure. Unless you want to hire an attorney every time to figure out which it is, you're better off having all three documents brought current.
Contact me for that referral.
Dana Sack
Answered on Jul 03rd, 2016 at 2:41 PM