We are terrified and we no longer wish to honour the lease document and want to leave asap.

If two sides come to a mutual agreement that's a reasonable way to go, don't let it become a legal action.

In my HOA, the management company seems to only send complaint letters to landlords and leaves the owner occupants alone.Do your due diligence on what the HOA documents say, buy you'll find that it really has more to do with who's running things and whether they're nice people or not.

This covers Legal, Accounting, Pest Management, etc.HOA (find out)As you can see these could easily add up to 50%.  

travel, legal fees, license, accounting fees, office supplies...this could included in your property management expense...just adding more line items. 

Therefore it is strongly encouraged to make sure you do the title search and, as best as you legally can, inspect the property so that you can make some assumptions about its condition before placing your bid. 

Should I consider legal action?

Should I consider legal action?

The document looks rather self-explanatory.

There isn't a lot of pushback or unnecessary documentation and hold time.