WinstonH2 (Arizona)
Posts: 14
Posts: 14
Posted:
Our very small (26) lot subdivision in Queen Creek, prefers to legally dissolve our hoa. We do not have enough people willing to serve on the board, etc. Our CC&Rs are very restrictive; i.e., we're limited on what we can charge for annual fees and special assessments -- requires a vote of 75% (and vote of 75% to change the CC&Rs. The fees raised are not sufficient to hire someone to keep up common areas (very small, narrow perimeter areas) and few homeowners are interested in keeping up the common areas.
We have overwhelming support to dissolve the hoa. Our documents allow it with a 75% vote.
What else must we be concerned about? If we vote to dissolve, what else do we need to do?
Need help fast!
Thanks!
AHughes
We have overwhelming support to dissolve the hoa. Our documents allow it with a 75% vote.
What else must we be concerned about? If we vote to dissolve, what else do we need to do?
Need help fast!
Thanks!
AHughes