Your Legal Questions Answered
What does it take to dissolve a self run HOA for an 8 unit community? Dues went from 200$ to 400$ in less than one year- with zero amenities.
Dissolving a self-run HOA for an 8-unit community is generally a complex process that involves multiple steps and legal considerations. The first thing to do is to consult the governing documents of the HOA, such as the bylaws and the Covenants, Conditions, and Restrictions (CC&Rs). These documents will outline the specific procedures and requirements for dissolving the HOA.
In an 8-unit self-run HOA like the one you're describing, it's likely that the governing documents will specify the voting requirements for dissolution. If I were to make an educated guess based on typical HOA structures, you would likely need either a majority vote or even a unanimous vote from all 8 homeowners to proceed with dissolution.
Once you've determined the voting requirements, you'll need to call a meeting of all homeowners to discuss the matter and hold a vote. If the required number of votes is achieved, you can then proceed with the legal steps to dissolve the HOA, which usually involves filing paperwork with the state and settling any remaining debts or obligations. For more information read our HOA article for homeowners.
Feel free to contact us if you would like help in dissolving your HOA. Please ask for Boyd Rolfson.
The foregoing information is general information only and should not be relied upon to take, or fail to take, legal action. No attorney-client relationship is formed by this information. __The only manner to obtain complete and adequate legal advice is to consult with an attorney.__
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