One-time fees such as a “home transfer fee” upon purchase of a property. Fines for property that does not comply with community regulations. Failure to pay fines may result in a lien on one’s property. HOAs may call for “special assessments” to pay for unplanned major repairs. ...
$2,000 fee to file HOA complaints irks Arizona groupMichael Leiby
“Every board member has a fiduciary duty to the association,” says Peyton. “You really don’t violate it unless you reach into the realm of criminal level conduct. Most other board decisions and actions will be covered by the Business Judgment Rule—if you are stealing from the association...