Moving footing in townhomes-whose bears cost?

Started by MarvB1 • 3 replies • 642 views

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MarvB1 (Minnesota)
Posts: 1

Posted:

We have twin homes in our assosication. Most of the units have a second story 4-season porch held up with 6" X 6" posts to footings at ground level. The soil behind one of the buildings has caused the footings to start moving. We will need to build a retaining wall structure behind that building to stop the movement. Our covenants state that the HOA will be responsible for doing the repair, but it is not clear on weather the honeowner, or the entire association is to bear the cost? Any help there. We are in Minnesota, so need 4 foot plus deep footings. Thanks-Marv

SheliaH (Indiana)
Posts: 6,964

Posted:

If the HOA is responsible, that means the homeowners ultimately pay, via their assessments. Sometimes, special assessments are necessary if you don't have enough in reserves, which normally takes of stuff like this.

Check your documents to be certain on who's responsible, along with the association's master insurance policy. If the HOA pays, take a look at your finances to see where you stand because this doesn't sound cheap AT ALL If a special assessment will be necessary, do your homework - get some quotes to see how much will be involved and how much it'll be per homeowner, and then go back to your documents to see how special assessments are to be handled (usually require a certain percentage of homeowners to vote for it)

If it is not right do not do it; if it is not true do not say it. Marcus Aurelius

TimB4 (Tennessee)
Posts: 21,062

Posted:

Unless the individual homeowner did something unauthorized that caused the problem, the cost is the Associations and would be born by the entire membership through (as previously posted) increased annual assessments, special assessments or a combination of the two.

AugustinD
Posts: 5,144

Posted:

Some HOAs have governing documents that give the HOA wiggle room to bill individual building owners for a service that benefits only that building's occupants. I would have to see the OP's Declaration to say anything intelligent.

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