Talk of The Villages Florida - View Single Post - Condo owners hit with $100,000 assessments!
Thread: Condo owners hit with $100,000 assessments!
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Old 08-14-2024, 11:00 AM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Quote:
Originally Posted by Rainger99 View Post
I am not a lawyer but that sounds illegal - or at least should be illegal. He had half the units and only paid one HOA fee?

Any real estate lawyers on TOTV?
It was an HOA. It was run by a board of directors. The HOA documentation was voted on by homeowners. The developer was a major homeowner, and if only 40% of the OTHER homeowners voted on something, his major ownership's vote determined the outcome of the vote. He had 40% of the voting power, with individual homeowners carrying the other 60%. But many were absentee landlords who never showed up for any votes at all.