Violations to Covenants

Started by OttoD • 2 replies • 4314 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

OttoD (Utah)
Posts: 3

Posted:

We have a problem with the developer who is chairman of the hoa and wants to turnover the hoa to lot owners. He has violated his fiduciary responsibilities in managing the hoa...never got insurance and never opened up accounts (checking and savings)
and is making us pay maintenance for ponds that were never subdivided as common ground.

LisaS (Illinois)
Posts: 341

Posted:

You don't mention what state you are in, but I would be looking for an accounting of all the funds paid in. In most states, this is a bare minimum requirement. Send something in writing requesting it.

Also, visit your state web iste and find out what your rights are and the applicable laws. Knowledge is power.

Good luck!

LarryR6 (Canada)
Posts: 1

Posted:

Test - please delete

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here