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The money they want to use is almost all the money we have in the reserve. It that took almost 9 years to accumulate. We have only been able to save $25K a year to put back into our reserve.

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Can the unit owner have this assessment waived due to the 5yr statute of limitations? It's been over 5yrs and the HOA never came after the unit owner until now. What legal rights does the unit owner have?

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Votes needed for special assessment increase in Florida?

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Now, the board finds that the cost of the portico is double what they expected due to the town and hurricane requirements. However, there is no money for the project.

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Our HOA BOD are very reluctant to seek bids, leaving the homeowners with seemingly unreasonably large special assessments.

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If work is done in a building that requires a special assessment, are the owners entitled to see a breakdown of "all" costs?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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