Question:
Can an HOA in Maryland use a special assessment rather than a dues increase to raise funds sufficient to be able to fund the budget for expenses. The HOA provides house painting as a service and due to poor budgeting in the past, current assessments won’t cover the cost anymore.
– Donna
Answer:
Hi Donna,
Yes, a homeowners association can generally charge special assessments to make up a deficit in the budget. However, you should make sure your governing documents give your particular HOA the power to do this.
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