Question:
Comingling funds. A few homeowners hired a landscaper for personal property. They gave their money to the HOA president who wrote a check from the HOA account. Is this s misuse of the hoa bank account?
– Gigi
Answer:
Hi Gigi,
It may be considered commingling or misuse as the HOA’s funds are usually only used to pay for maintaining the common elements. This may or may not violate the governing documents depending on its provisions regarding the HOA’s responsibility when it comes to landscaping homeowner property. Kindly review the governing documents for verification. For further guidance, kindly consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
