Quote:
Originally Posted by Swimwithamission
That is the issue with HOA's in New Hampshire, pay your dues and get little or no member rights including:
• Lack of transparency in spending and bidding of work.
• Lack of access to HOA financial records and expenses.
• Board of Directors changing covenants without member input or voting.
• Lack of Fiduciary responsibility of BOD member(s).
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Usually, I'd expect that these issues ould be looked at before buying. Caveat Emptor. I'm part of one HOA that was a start up when we bought, so no history to look at. The first several years were a little rough and we changed management companies more than once. The struggle comes when the BoD wants to do too much themselves, does a poor job and then tries to hide it all.
When they start saying' We can do all that ourselves and save money" It's time for new management and a new BoD and probably an increase in fees.