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Updated about 2 years ago,
A way to form a separate HOA?
Hello,
Has anyone heard of a clause in a HOA covenant (CC&R) where the commercial tenants in a mixed use building can opt out of the residential HOA and form their own HOA? The community dues are astronomical and two of the three commercial tenants (including me) want to pay less since we don't benefit as much as the residential tenants from the HOA dues (like parking in the garage, fob use, common spaces, etc).
Has anyone heard of a stipulation like this before?
Thank you,
Dan