Best Practices for Passing an HOA Budget

First, check your governing documents. These describe the manner in which the HOA budget is adopted each year. In most associations, the governing documents provide that the budget is adopted by the board or by vote of the owners. However, even when the documents give the board the right to adopt the budget, a vote of the owners may be required to adopt a budget that would require a large increase in regular homeowner dues/assessments.    Read the article………………


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