MarilynC (South Carolina)
Posts: 16
Posts: 16
Posted:
We are a community with two HOA groups. Therefore two budgets. The master budget has 251 single family homes and the sub-budget has 24 units. I have been frozen out by the board because I expect fair and honest treatment for all owners. First I have found that the regime fee in 2005 for the master budget was $2,160.00 per year and now for 2011 its $2,700.00 per year. And thats a 25% increase for the 6 years. Now the sub-budget in 2005 was $1,020.00 per year and now for 2011 its $3624.00 per year. That is a 255% increase for the 6 years. YES I have been told they don't know what to do about it but will form a committee to study this. WHAT? So in the meantime I am expected to pay this and nothing I can do? Anyone else stealing from me I can call the police and have them arrested. There are some other issues but this one is the most outrageous. I live in SC and would like some feedback--please. The condo owners do need to pay for the common expenses and this is spelled out in the by-laws. But they also have some big expenses which apply only for their homes. For instance for the pool upkeep I say it should be the total doors (275) when figureing the cost to each homeowner but instead they do the cost twice. Example the pool cost is $1,500.00 they divide by 251 homes and then by 24 for the condos. We are supposed to have college graduates on the board!!! This is a 55 and older community and some of my neighbors just afraid because we do have a few BULLIES which I say--bring it on!!! Thank you all for your suggestions.