Budgets/Assessments/Fees

HOA Committee Spotlight: Budget Committee

Committees are essential to the success of a homeowners’ association (HOA). Well-established committees support the efforts of the board of…

10 months ago

Special Assessments Unveiled: What Homeowners Need to Know (FL)

The mere mention of special assessments can keep new and veteran agents up at night. All too frequently, there is…

10 months ago

The Economy and the Well-Prepared Association (WA)

Lately, it feels like our country has been on an economic roller coaster, traversing through work-from-home requirements and mass layoffs…

11 months ago

What Happens When a Community Association Has Surplus Funds?

Each year, community associations attempt to predict their expenses through a detailed annual budget and then use that information, in…

11 months ago

Strata living: What to do when facing a special levy you can’t afford (BC)

Q: I’m a widowed senior who lives on a fixed income. After living in my apartment for about five years…

12 months ago

HOA Homefront: One board increases assessments, while another refuses (CA)

Q: Management sent a budget notification to members with an agenda, date, time and location. The board meeting was attended…

12 months ago

HOA Homefront: My HOA suspended me; must I pay assessments? (CA)

Q: When is it legal not to pay HOA dues/fees because an HOA is not fulfilling its duties? I’ve had…

1 year ago

HOA Management Budget: The Importance of a Cost/Benefit Analysis

Establishing and maintaining a HOA budget can be a delicate process. It’s a key component of board member responsibilities and…

1 year ago

Refresher on the Budget Ratification Process (CO)

Since July 1, 2018, when the CCIOA budget process was made applicable to pre-CCIOA communities, there continues to be confusion…

1 year ago

Putting money in escrow does not excuse the payment of assessments (FL)

Q: Is is legal to deposit your HOA monthly payment in an escrow account if you are frustrated with the board’s…

1 year ago