PatriciaC14 (Washington)
Posts: 17
Posts: 17
Posted:
If dues are assessed per member, and operating, maintenance, and reserves are assessed per lot, then what are dues for? Is "Dues" a legal term?
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dues versus assessments
Started by PatriciaC14 • 5 replies • 284 views
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MaxB4
Posts: 3,513
Posts: 3,513
Posted:
Dues and Assessments for HOA's have the same meaning, although they may listed in one's CCRs as one or the other. The assessments/dues are assessed against the lot or unit, not the member. If a lien to be enforced, would be recorded under the lot, not the owner. The lien must be satisfied in order for the property to be transferred from one party to another.
AdamL1 (UnitedStates)
Posts: 559
Posts: 559
Posted:
Quote:
Posted By PatriciaC14 on 03/03/2022 9:15 AM
If dues are assessed per member, and operating, maintenance, and reserves are assessed per lot, then what are dues for? Is "Dues" a legal term?
If dues are assessed per member, and operating, maintenance, and reserves are assessed per lot, then what are dues for? Is "Dues" a legal term?
generally, the term Member means the owner of a Lot (note capital letter).
A spousal pair that owns 1 lot are considered Members and qualify as a single Membership unit.
If there are more lots owned by that Member, then there are more units for each lot.
That means a single vote for that unit, not each person getting a vote.
That means a single dues or assessment for that unit, not per person.
BarbaraT1 (Texas)
Posts: 821
Posts: 821
Posted:
"Dues" is the colloquial term.
I prefer to use "assessment" because 1)that's what they are called in (most) documents and 2) "dues" has the connotation of a club membership - something you can quit, something you pay in exchange for benefits. "Assessment" better reflects what that money is - the member's obligatory share of the association's operating costs.
I prefer to use "assessment" because 1)that's what they are called in (most) documents and 2) "dues" has the connotation of a club membership - something you can quit, something you pay in exchange for benefits. "Assessment" better reflects what that money is - the member's obligatory share of the association's operating costs.
JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
Dues and Annual Assessment are basically the same thing. I have heard them also referred to as Regime Fees. Now a Special Assessment is a horse of a different color.
BillH10 (Texas)
Posts: 1,217
Posts: 1,217
Posted:
We have a client whose board and owners go into low earth orbit if we use the word assessment, they insist on using the word dues although it is nowhere to be found in their documents.
I asked why the reaction and was told there have been so many special assessments over the years the word dues must be used when referring to the amount collected monthly to to avoid confusion.
They are being silly and know it; they refuse to approve increases in the "dues", hence the recurring need for special assessments.
I asked why the reaction and was told there have been so many special assessments over the years the word dues must be used when referring to the amount collected monthly to to avoid confusion.
They are being silly and know it; they refuse to approve increases in the "dues", hence the recurring need for special assessments.
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