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Can HOA board make big purchase without consent


Question:

Our developer just turned the HOA over to the home owners. The next step is to purchase the Clubhouse and Pool, Spa with all other amenities. The developer wants $12,000,000.00 for the Clubhouse. My question is, can the new Homeowners Board just go ahead and purchase the Clubhouse and take out a loan for that amount of money without input and approval of the Homeowners.


Answers (18)

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