DanA3 (Indiana)
Posts: 2
Posts: 2
Posted:
My HOA is very small and our yearly dues barely cover necessary maintenance expenses. There is a lake that is owned by 6 different entities outside of or common area,not counting lakefront homeowners. Our HOA owns a boathouse gazebo and 20 feet into the lake-- a total of 16% of lake ownership. The lake has become overgrown with weeds so the majority of our board voted to suspend mowing and snow removal to install a $8000 aerator. The other HOAs contributed and agreed to pay their share of the operating expense? The system did not work and was eventuallu shut off--$$$ wasted. Now the majority want to suspend landscaping and pay the entire chemical treatment with cost up to $20,000 that may need special assessment since we only have $6000 in reserves.
Question: can they do this? Can they make us pay for something that we do not own
dan
Question: can they do this? Can they make us pay for something that we do not own
dan