HOA CC&Rs Should Provide for the Power to Impose Special Assessments Against Individual Members

An important function of a homeowners association’s board of directors is to impose assessments on the association members in order to generate funds that are required for the maintenance, repair, and replacement of common areas and the conducting of association business. The power to impose necessary assessments is provided for in state statutes and the HOA CC&Rs and the types of assessments that are commonly imposed by an association are typically referred to as either “regular” or “special.” Regular assessments are a fixed amount that is generally paid monthly or quarterly by the association’s members to cover the association’s budgeted expenses. Special assessments are imposed only when additional funds are needed to cover various expenses that are not provided for in the association’s budget or when there are insufficient funds available for necessary expenses. An important third type of assessment that is frequently not specifically provided for in state statutes or HOA CC&Rs is a “reimbursement assessment” that can be imposed upon individual members.

Subscription Required to Continue Reading

To view the full HOA Featured Article, you must have a Subscription with HOA Member Services

Become a Member

Personal Monthly

$ 12.70 /month
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • 25% OFF Download Forms
  • 1 User

Personal

$ 97 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • 25% OFF Download Forms
  • 1 User

Pro

$ 297 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • Free Unlimited Access to Download Forms (save $1000s!)
  • Unlimited Personal Support from HOA Attorney
  • 1 User

HOA Team

$ 347 Annual
  • Access to over 600 Articles & Case Decisions
  • Access to hundreds of Resources
  • HOA Newsletter
  • Free Copy of HOA LIVING
  • Free Unlimited Access to Download Forms (save $1000s!)
  • Unlimited Personal Support from HOA Attorney
  • Up to 10 Users
Shopping Cart

Get Your FREE
HOA Living Guide

 Get ready to level up your community! Dive into our guide for homeowners and management personnel in neighborhoods run by homeowners associations. Download now for essential tips and exclusive resources— improve your community with one click! 

Success, check your email for your guide!

Scroll to Top