POA Development

Started by JoeB18 • 1 replies • 960 views

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JoeB18
Posts: 31

Posted:

I am just trying to educate myself. When a Developer opens a property and then forms a POA, How do they pay the yearly expenses such as maintenance of common areas and pool if there are barely any houses built and people paying yearly dues?

JohnC46
Posts: 14,230

Posted:

The developer is paying. I have heard of several ways. Some developers will loan the POA the money to pay for the services then the POA pays them back as more owners/assessments come in. Other developers see it as cost of getting started.

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