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Q.Who determines each homeowner’s percentage share of assessments?
A.The governing documents of a homeowners association always specify how assessments are allocated among the homeowners, and typically require a super-majority of the homeowners and the mortgage lenders to approve any change in the allocation. The allocation is generally established by the developer at the time the governing documents are prepared, and is reviewed by a governmental agency for projects consisting of five or more units or lots.
There are no legal grounds upon which a homeowner can challenge the assessment allocation based upon fairness or equity.
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