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Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Clay S
  • Real Estate Investor
  • Colorado Springs, CO
3
Votes |
6
Posts

HOA requiring payments for burned down building

Clay S
  • Real Estate Investor
  • Colorado Springs, CO
Posted

We have a condo rental in a building which burned down end of August '18. HOA has been requiring payment of $100+/mo. of HOA fees, despite the property being completely uninhabitable, fenced off, demolished, and finally starting to be rebuilt 9 months later. Has anyone had any luck clawing back HOA fees on uninhabitable properties? Just wondering if we have any legal argument against paying fees for a property clearly not in use.

There is nothing in HOA bylaws which addresses a situation like this, yet property manager of HOA says we have no option but to pay.

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