Thursday, February 28, 2013

HOA "Shakedown"


In a homeowner association, decisions are made with the entire community in mind rather than individuals.  As a result, there are some instances where homeowners feel that since they pay their dues, they have a right to get their way.  So in some cases, homeowners start withholding dues in order to “shakeup” the board and get their desired outcome.  When this happens, the source listed below states that it is important to gain an understanding of the situation in a personal manner (a phone call from a board member as opposed to an email or letter).  

If the homeowner’s request is reasonable, then the situation could be resolved along with possibly waiving any late fees that have been incurred.  If the request is not reasonable, then explain the reasons why.  In many cases, withholding fees could simply be the result of financial difficulties.  If that is the case, the homeowner might be able to receive accommodations such as a payment plan based on their situation.  To read more about this topic, click here.

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