Financial Planning
How HOAs Can Allocate Assessments
Our bylaws give us the right to charge fines for violations but do not state whether we can apply monthly assessments against fines. Is there an argument for or against this practice?
Matthew Z. Earle is partner with the law firm of Kates, Nussman, Ellis, Farhi & Earle in Hackensack, N.J.
Our bylaws give us the right to charge fines for violations but do not state whether we can apply monthly assessments against fines. Is there an argument for or against this practice?
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