HOA Fee Determination

Started by BruceT • 3 replies • 1513 views

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BruceT (Arizona)
Posts: 1

Posted:

I'm a committee member of a newly formed HOA. When the HOA took over we also took over rules/policies from the developer. Our Resort has 4 individual towers with one and two bedroom Condos. We also have 20 Villas on property which are 3 and 4 bedroom. We on the committee are looking at a way we can make the HOA fees fair for everyone. Right now as handed to us from the developer every owner pays the same Fee no matter if they have a one bedroom condo or a 4 bedroom villa with 3,500 square feet. I would appreciate any help and ideas on making a fair determination. Thanks, Bruce Turner

BrianB (California)
Posts: 2,820

Posted:

i would think it would depend on what your HOA is using the money to do... if you are maintaining a common area that has nothing to do with home size, then every owner pays the same (ie, a pool, club house, drainage easement, parkway, etc.). If you must pay to repaint homes, tile floors, do yardwork/landscaping for individual units, you MIGHT be able to adjust a "per square foot" fee, and thus charge the larger users of the services more than the smaller.
Check state laws and your by-laws... there may be prohibitions against differing assessments, however, so make sure it is legal to do so before proceeding.

RonaldW (South Carolina)
Posts: 901

Posted:

Posted By BruceT on 01/01/2007 7:25 AM
.........every owner pays the same Fee no matter if they have a one bedroom condo or a 4 bedroom villa with 3,500 square feet. .......

Our association is different from yours, individual lots, mostly with homes. Every owner pays the same assessment, whether they have an expensive marsh front home, a smaller house away from the marsh, or a vacant lot. Also, each owner is entitled to one vote (that's one vote per property).

If you assessed larger units more, would they have more than one vote?

Ron
SC

RogerB (Colorado)
Posts: 5,067

Posted:

Bruce, your association was there before the homeowners took over control of the Board from the Developer's Board. The same Declaration of CC&R's applies no matter who is in control of the Board. Look to your Declaration, and if necessary your By-laws, to define whether or not you may prorate assessments and if so how.

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