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Dual MBAMS HOA Entering Program Fall and After Check  Form

Dual MBAMS HOA Entering Program Fall and After Check Form

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are you an HOA board thinking about passing a special assessment here are five things to consider what do your governing documents say typically governing documents for an HOA will spell out specifically if a special assessment cannot be passed unless it's voted on by the members what is the special assessment for this an operating special assessment or a reserve how much is this special assessment is it a large amount that every homeowner needs to pay by a certain date or is it broken out over time keep in mind this is typically an unexpected expense for homeowners and it's good to be sensitive to what's reasonable for homeowners to pay when is this special assessment going to be charged to homeowners you have a portal and there's ACH already set up for homeowners where funds are automatically withdrawn keep that in mind because if you have a large amount and it's going to get withdrawn you're going to create a lot of tension in your com

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