Can a MN nonprofit Home Owners Association assess fines for late payment of dues?

Answer Yes is the short answer. Read your governing documents -- and in this case, perhaps a Resolution crafted to collect assessments -- to understand both your obligation to pay your assessments and the... Read More »

Top Q&A For: Can a MN nonprofit Home Owners Association asse...

What kind of fines can a home owners association assess?

Read your governing documents, including any board resolutions that impose fines. Your board or association management company can help you understand the limit of behaviours which are fine-able of... Read More »

Are fines imposed upon home owners for rules violation legal and collectible in a home owners association?

If the violations and fines are set forth in the associations's covenants and bylaws, yes, they are.

Are home owners association dues tax deductable?

No, because they pay for a service, among other reasons.

Can a home owners association invoice you for dues that were due 5 months before closing on the home?

They should have collected this from the seller at closing. Usually the title company will contact the HOA to find out how much is due. The year's dues should be prorated according to what portion ... Read More »