cksiiEditor (Colorado)
Posts: 12
Posts: 12
Posted:
When my community was developed, the developer did not make provision for a mandatory HOA in the covenants. As a result, we have had voluntary participation for many years with approximately forty percent of homeowners joining the HOA. Money has been used for capital improvements and covenant enforcement.
The initial 30-year term of the covenants will be reached in 2008 and there is a provision which allows for the automatic extension of the covenants for 10 years. However, at renewal time, a majority of homeowners can amend the covenants.
Here's my question. Does anyone have any experience with implementing a mandatory homeowners' association? I realize that it will require a community vote, as would any covenant change, but are there any specific steps or issues that would need to be addressed in the months leading up to the vote?
Thanks.
The initial 30-year term of the covenants will be reached in 2008 and there is a provision which allows for the automatic extension of the covenants for 10 years. However, at renewal time, a majority of homeowners can amend the covenants.
Here's my question. Does anyone have any experience with implementing a mandatory homeowners' association? I realize that it will require a community vote, as would any covenant change, but are there any specific steps or issues that would need to be addressed in the months leading up to the vote?
Thanks.