Question:
Are HOA assessments calculated by square footage to replenish the reserve fund?
– Hattie
Answer:
Hi Hattie,
It depends on your HOA’s governing documents. Check your CC&Rs to understand how your assessments and reserve fund contributions are calculated. Some HOAs calculate them based on square footage, while others divide them equally among all owners.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
