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re: HOA- Annual Dues increase
Posted on 10/5/14 at 5:54 pm to Tigerpaw123
Posted on 10/5/14 at 5:54 pm to Tigerpaw123
Yea, from what i have seen, most HOAs are run my the developer until either a set number of lots are sold or all lots are sold. at that point it is turned over to the residents, where board member elections are held and the home owners can vote to change bylaws and dues.
until then the developer is the sole voter, IE the dictator, of the HOA
until then the developer is the sole voter, IE the dictator, of the HOA
2
Posted on 10/5/14 at 7:03 pm to tigeraddict
quote:
Yea, from what i have seen, most HOAs are run my the developer until either a set number of lots are sold or all lots are sold. at that point it is turned over to the residents, where board member elections are held and the home owners can vote to change bylaws and dues. until then the developer is the sole voter, IE the dictator, of the HOA
now that you said it, this actually makes some sense to me...the developer has the most to lose if the residents let the place go to shite before he has the place sold out....
Posted on 10/6/14 at 10:09 am to tigeraddict
quote:
most HOAs are run my the developer until either a set number of lots are sold or all lots are sold. at that point it is turned over to the residents, where board member elections are held and the home owners can vote to change bylaws and dues. until then the developer is the sole voter, IE the dictator, of the HOA
This is the exact situation in CE
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