POA fees

Started by CarrieS1 • 1 replies • 1556 views

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CarrieS1 (South Carolina)
Posts: 1

Posted:

A new Property owners association has bought out the old company without any of the property owners voting on it and raised the monthly regime fees by 50%...is that legal? And what can I do about it?

RogerB (Colorado)
Posts: 5,067

Posted:

Carrie, I think you are referring to a new Developer buying out the old Developer. The association remains the same. Check you Declaration of CC&Rs to determine the legal proceedure for increasing the assessment. Not sure what you are referring to by "regime fees".

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