Inspection of HOA Financial Records in Alabama

Question:

We are owners of a Condominium in Gulf Shores AL. With the rise in homeowners’ insurance, our HOA/COA rates have more than doubled. Problem is, the Board president will not disclose any expenses, or proof of expenses of any kind, to the unit owners. Owners have reached out to the insurance company as well as the legal & accounting firms representing the Condo Community, and no one will release this information to us. The Alabama Uniform Condominium Act of 1991 states that these expenses should be provided upon request.

Would contacting the Secretary of State of AL and reporting our COA board be beneficial for us?

– Tammy

 

Answer:

Hi Tammy,

Kindly exhaust all forms of communication with the board first and make sure they are aware of Alabama’s laws on records inspection. You may also review your governing documents to find the board’s obligations regarding records examination and bring this to their attention. You may also raise your concerns at a board meeting, enter dispute resolution, or remove the problem board member(s).

Here is a resource that may help: https://www.hoamanagement.com/hoa-board-doesnt-share-information/

 

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

company logo
company logo
company logo
company logo
company logo
company logo
company logo
company logo