The association will be required to follow the same process to collect a special assessment as it does a regular assessment.

Download CAI’s informative “First Time Homeowners Guide to HOAs” at caionline.org. Use the search box to find this free ...

A homeowner's association (HOA) can set architectural standards ... Question: The board recently approved a special assessment for painting our buildings. My question is, what happens when ...

Homeowners are now being hit with substantial special assessment fees, some over $8,000, to cover what a property management group said is millions of dollars in property damage. Jacob Lively ...

When a severe hailstorm hit the First Creek Farm condominium complex in Aurora, Colorado, residents of the building had no idea the bad weather could end up costing them thousands. Unfortunately, that ...

Then, the HOA must declare an emergency assessment, seek member approval for a special assessment, or seek a major bank loan. I don’t think a 100% reserve funding requirement is necessary for Ca ...

The purpose of the reserve fund is to protect the HOA’s long-term financial interests, so diverting that money to another ...