HOA reserves is low - board cannot get a loan due to rented units over % allowable. Some options given at meeting were: 1) say approx $4000 upfront payment by unit owners, 2) installments over period of time, or 3) 20% increase to dues each year. Absentee landlords not cooperating or responding to ballots. My thoughts, if owners are not willing to do options 1 or 2, then let them have their dues increased. I do not want to be held hostage due to those unwilling to participate. Can the HOA hold us all hostage? I think they should be able to keep separate accounting of those in favor of options 1, 2 or 3. Has anyone come across this issue prior? This is in Monterey County, CA - my 2 bdrm dues are already at $460 per month. The thought of a 20% annual increase is absurd. I'd like to legally force the HOA board to give owners a choice of the 3 options.
HOA can hold you hostage, broad powers to levy special assessments or increase dues, especially if they have low reserves. Are absentee owners paying dues?
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