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Updated almost 5 years ago,
HOA Fees - One Unit not paying as payment for self-management
Hi - First time poster, but read quite a bit and listen to podcasts. Have a question for the experts. Strange situation here. We are relatively new owners in an HOA in NH. What we have recently realized via an examination of the HOA's finances is that one unit appears to not be paying any HOA fees, and have not for at least a year. The owners of this unit act at the President and Secretary of the HOA, and are essentially taking what they should owe in HOA fees as their payment. This arrangement was not disclosed to any new owners, and was not mentioned during the first meeting of the HOA that included new members. The owners of this unit have also recently proposed a monthly fee increase to grow reserves, address repairs. While it is possible they inherited this arrangement, what does everyone think of this? In reviewing the condo bylaws, it specifically states that no member may take payment whatsoever for acting as an HOA officer. Thoughts? Ethics, etc?