Quote:
Posted By MarkM31 on 10/19/2017 8:27 PM
Posted By GuyM1 on 10/17/2017 2:36 PM
HOA's settlement offer to fix all the damages to my unit comes with I have to move out! HOA also wants a confidentiality clause and I wonder why? Any one know if that is possible and who do they want to hide the settlement from, there is only 9 units and they will be paying the assessment on it, so what don't they want them to know?
The confidentiality clause is quite possible and proper if applied correctly. Who it wouldn't apply to is anybody who is a member of the HOA. They all have a right to examine all contracts which the HOA enters, this being one of them.
LOL ... It is not called a Confidentiality Clause for nothing. Of course they do not want others to know of any potential settlement.
If other owners are having the same issue as yourself and have not been willing to confront the HOA ... if they know your settlement criteria the HOA could have bigger fish to fry. LOL ... of course I agree with Mark in that the HOA info should be available to ALL owners. However, they will try to pull the wool over everyone's head and try to say info is bound by a "confidentiality agreement". Unless owners know their rights they will potentially fall for the trash. However, State laws can vary and you need to check with your state laws on this issue.