If your HOA doesn’t have enough in reserves to pay for a project, it can issue “special assessments” — aka, extra bills. HOAs can also raise fees at any time with board approval. Do you have to pay HOA fees? Short answer: Yes, just like any other bill. If you forget a ...
POSITIONS - COMPLIANCE WITH LETTER AND SPIRIT OF GOVERNING DOCUMENTS - EXPERT WITNESS FOR HOAs & DIRECTORS IN PERFORMANCE OF THEIR GOVERNING DUTIES - PLAINTIFF/ DEFENSE REPRESENTATION OF HOAs AND THEIR INSURANCE CARRIERS, HOA MEMBERS & GUESTS, DIRECTORS, COMMUNITY MANAGEMENT COMPANIES, DEVELOPERS AND ...
The “cash flow” method uses the same data as the component method, but it adds construction inflation and interest earned. In this method, all reserves at the end of the year are pooled into one account. “Reserve contributions are adjusted for the next fiscal year, and afterward increase...
We wanted to email you to give you an update on Tassel Ridge and to get you a digital link to our next zoom meeting. You should have received a letter inviting you to another neighborhood meeting for our project located at 5900 Duncan Cook Rd on January 16th (I’ve included the link i...
As of November, 2024, Wireless Edge reported that the remaining hurdle to beginning construction is approval of a grading permit by Loudoun County. Loudoun requires a certified land disturbance specialist to oversee grading. Once the grading permit is approved, the construction permit will be immediat...
“when we received our approval for an increase in August of 2019, it was for the period up until August 2021. That is the earliest date when Amalgamated can ask for another increase—unless, for example, we decide to refinance our mortgage before then, and would have to consider an ...
PRESIDENTS LETTER Dear Lakewood Villa residents: Please find the status of your boards activities: 1) Basic channels and internet: Please be aware that our contract with Comcast expires January 2024; this contract provides basic cable channels, plus HBO, and equipment for 2 TV dvrs, on an old...