Category Archives: ASSESSMENTS EMERGENCY

Emergency Assessments – What Justifies Them in an HOA??

Our board just passed an emergency assessment. They failed to state a need for this or circumstances explaining it. In fact, they sought approval of owners for some very costly repairs and did not get approval and the next thing we all knew, we were hit with an assessment anyway.  Can they do that?   [...]

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EMERGENCY ASSESSMENTS DON’T REQUIRE APPROVAL OF OWNERS

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 [...]

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