Members of a homeowner’s association (HOA) generally assume that fellow member will pay their dues and assessments. HOA dues are collected for the purpose of managing the development and repairing common areas. If the HOA fails to collect adequate dues, the premises can become neglected and homeowners may no longer want to remain as part […]Continue Reading... Comments Off on What Can HOA Members do When Owners Fail to Pay Dues?
Before purchasing a residence in a planned development community, it is important to review the homeowner association’s (HOA) governing and financial documents to understand its regulations and assess its financial security. One of the primary goals in reviewing this type of financial data is to gain insight into the financial obligations that members would be […]Continue Reading... Comments Off on Dues and Assessments Under an HOA