How to Spend HOA Special Assessments

Question:

Can surplus money from a special assessment be used for other projects outside the scope of the original assessment

– Mike

 

Answer:

Hi Mike,

It generally depends on your HOA’s governing documents. Check your CC&Rs and bylaws to understand how your HOA can use special assessments.

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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