In California, HOA and Condo boards are limited in raising assessments without member approval. They can raise the regular assessments 20% a year and/or impose a special assessment of up to 5% of the budgeted gross expenses for a fiscal year without a vote. If a vote is needed, the requirement is majority of a quorum [...]
Condo Law & HOA Law for Boards & Owners
Category Archives: HOA and CONDO FINANCIAL ISSUES
What Happens When Too Many Complain and No One Wants to Serve on the Board?
What Happens When Too Many Complain and No One Wants to Serve on the Board? It happens. For some associations, no one wants to serve in the first place. Board service can be a thankless task. In others, some stepped up to do their time motivated by a sense of responsibility, and eventually found that [...]
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I wrote the book, The Condo Owner's Answer Book to address the unique situations that come with buying and owning a condo. It also discusses your rights and responsibilities as a condo owner and a member of a homeowner's association. Includes practicial answers to more than 125 questions about condo ownership. Available now from Amazon.com.