Question Details

Mark, Home Buyer in Orlando, FL

questions about HOA.

Asked by Mark, Orlando, FL Sat Jun 14, 2008

short of calling or visiting a property, is there anywhere online where you can find out what the current HOA dues are?

and what are the rules and restrictions for how often and how much a HOA can increase their dues? thanks!

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The HOA will not release any information unless requested by the homeowner.

Best thing to do is contact a local realtor and express your interest in a property. The MLS set up sheet usually has that information.

Again, rules and regulations regarding the HOA budget vary from complex to complex, state by state.

In California the HOA financial statements are required to be delivered to each homeowner before the end of the year. Generally they are discussed at the annual HOA meeting which usually happens soone thereafter.

At that time the HOA Board of Directors together with the Management Company may recommend an increase the HOA dues.

The increase cannot be more than 20.0% of the current dues.

This is for California.

Check with your full time real estate professional to find out details for Florida.

Best of luck in your home search.
1 vote Thank Flag Link Sat Jun 14, 2008
Unfortunately, most HOA aren't that advanced; however, some of their management companies are. Usually the management companies keep the condo docs, bylaws and financials.
0 votes Thank Flag Link Sat Jun 14, 2008
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