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Legal logic protecting HOAs from an existing owner claim


Question:

This question is submitted by Leonard J. out of Alabama

With respect to Reserves, what is the legal logic that protects the HOA from a claim by an existing owner to part of the Reserves? Here is a scenario: the HOA does a $5000 special assessment per owner to bulk up Reserves; an owner sells the following year.



 

Thoughts?

 


Answers (7)

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