Selling of HOA Common Space

Started by CharlotteR • 3 replies • 1397 views

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CharlotteR (North Carolina)
Posts: 1

Posted:

We reside in NC, we recently learned our HOA board is selling some of COS to the developer ( note: building is not completed yet, probably only 80%). The home owners have not been advised of this, should this be put to a vote/discussion? Appreciate your thoughts.

BradP (Kansas)
Posts: 2,640

Posted:

In my hoa our board has the power to sell common area without a vote of homeowners, I can only assume most are this way.

JM2 (Oregon)
Posts: 439

Posted:

Hi Charlotte:

Your documents may speak to the procedure that must be used.

J. Patrick Moore, CMCA

JC3
Posts: 290

Posted:

What happens to small patches of common space when an HOA or POA dissolves? We have a few tiny areas, probably just large enough to get taxed at a minimum, if at all.

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