Hi Phyllis,
Thank you for your question. The brief answer to your question is “yes”. Yes investors who own several vacant lots in an HOA Subdivision should be allowed to vote in annual elections. Yes, owners should be allowed to serve on the Board of Directors for their community if voted in. Yes, they could possibly be able to drive the association’s objectives.
The purpose of an HOA is to manage common property (landscaping and amenities) and protect the owners’ property values (violations for exterior maintenance or ARC Requests). As an owner in the community, you have a vested interest in these purposes. The more properties you own, the more your personal stake would be.
This is the protection that an investor would appreciate and why so many choose HOAs instead of private properties. They’re able to control so much more in an HOA (as can any owner).
This is also the risk of living in an HOA. The vote may not go your way and other owners in the community (whether one, or fifty) could sway the vote to something you personally don’t want for your community.
If something potentially nefarious is going on in your community, we’d recommend that you reach out to an HOA Attorney who can refer to your specific community’s governing documents and your local HOA Laws.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
