Q: Our HOA reserves for replacement are severely underfunded. The board recognizes this deficit and is working to catch up but it will take time to achieve a suitable reserves funding level. Does ...

Under Civil Code Section 5550, HOAs must obtain a reserve study every three years, review it annually, and develop a long-term funding plan to meet the HOA’s reserve fund accumulation needs.

Most states don’t require HOAs to maintain cash reserves—leaving owners at risk of sudden fees. Here’s what to watch for.

HOA boards must work to collect the assessments from all owners, regardless of their situations. The HOA cannot function if everyone doesn’t pay their fair share.

Q: Can HOAs increase the 20% for monthly dues plus add a 5% special assessment at the same time? — P.M., Pacoima. A: HOAs are not as flexible as individual homeowners in their ability to ...