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COA mismanagement help needed!
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I bought a 3 bedroom condo in 2013 for $50k cash in Atlanta GA. No mortgage but I agreed to pay $219/month for the COA dues which include water, garbage, landscaping etc to the property management company. In 2014 a new property management company took over and I guess the COA board of directors voted to increase our monthly dues; my payment went up to $303/month. Thatā€™s $3600/year for water and garbage but at least we had a small pool to use for 3 months in the summer.

In 2018 - we were told that we had another increase in dues called a ā€œspecial assessmentā€ that would be in effect for 5 years. So every 3rd month I would have to give them $450/month instead of $303. This worked out to be about $4300/year for water and garbage and they also CLOSED the pool. The pools retaining wall has moved and is considered dangerous and it will cost $20,000 to repair it and stabilize it. Once it breaks it will cost $200,000 to fix it yet it goes untouched.

Iā€™ve been told that a portion of my neighbors COA accounts are $5,000-$20,000 delinquent - past due. Thatā€™s a large reason why those of us who pay our bills are being forced to pay so much. The responsible homeowners are being forced to pay for the residents who wonā€™t pay. How is this legal?

I was told last week that the board is going to raise our dues yet again by 30% next year - that means my monthly payments would work out to be about $6,000 per year for water and garbage PLUS everyone will be hit with a one time $7,000 assessment that must be paid in full before 2021. If everyone pays the $7,000 and then most of the needed repairs could be done but this is insane. What are my rights? Who do I call? Lawyers are out of my budget and I donā€™t know what to do.

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5 years ago