HOA fees can vary quite a bit—from a couple hundred dollars a month to a few thousand— depending on the type of development in which you live. The average cost is more than $300 per month, although fees in some states are much higher, such as New York, which averaged about $570 per month, according to a study by Trulia, a real estate website.
Full Answer
N.C.G.S. §47F-3-115 ; Fla. Stat. §720.3085 (3) . Late fees up to the greater of $25 or five percent of the past-due installment can be charged in Florida. Fla. Stat. §720.3085 (3). In North Carolina, the maximum late fee cannot exceed the greater of $20 or ten percent of the delinquent amount. N.C.G.S. §47F-3-102 (11) .
Mar 06, 2017 · Attorney’s Fees in Homeowners Association Disputes - Read the Homeowners Association Law legal blogs that have been posted by …
Aside from the statutory provision allowing recovery of attorney’s fees, frequently there is an attorney’s fees provision in the CC&R’s. Sometimes, particularly in older CC&R’s, you see a provision that says that the association shall recover its attorney’s fees in any action against the owner, but does not provide any reciprocity in the case where the owner prevails. Under Civil Code Section 1717, such a one-way attorney’s fee provision is interpreted to be reciprocal.
Lawyers.com is part of the Martindale Network
Please answer a few questions to help us match you with attorneys in your area.
Please answer a few questions to help us match you with attorneys in your area.
One way to start analyzing the amount of the attorney fees to budget is to look at the combined property values of all the homes in your community. Let’s say that you have 100 homes and the average market value is $150,000. Even if that community doesn’t have any amenities like a swimming pool, the value of the homes would be $15 million. If you owned your own business that was worth $15M, would you budget $500 in attorney fees for the year?
HOA Records: Yes, you can toss some of those boxes!
Some might respond and saying something like “Our HOA is nothing like a business, and everyone gets along, so there’s no need to treat it like a big business.” Although your HOA is not General Motors, it still is a business for which the Board of Directors has a fiduciary duty to preserve and uphold the property values by enforcing the covenants and collecting money from the homeowners to pay for the services that are necessary. Having a realistic amount of money in your budget for attorney fees will go far in helping the Board fulfill those duties.
Some association Boards will say that they don’t need an attorney because they never have any legal problems. However, when pressed, those boards will often admit that there are problems that they just chose to ignore. Some Boards believe that there is nothing that can be done to enforce their covenants or get delinquent owners to pay. They believe that covenants are completely unenforceable in the courts. This is the furthest thing from the truth! There are many cases from the Indiana Court of Appeals and the Indiana Supreme Court that have shown that covenants are enforceable and judges often will give great deference to the judgment of a community association’s Board of Directors.
The same is true for the attorney’s fees that the association incurs. Court costs and attorney’s fees for covenant violations are similar, in that there are no guarantees of reimbursement.
That doesn’t take into consideration the billable time incurred by the attorney in preparing the complaint to be filed in court. Sometimes, in a contested suit, the judge will cut the amount of attorney’s fees that the HOA is requesting, yet still give the association what it really wanted.
While costs vary I agree that a range here might be as low as $400 and as high as $1200.
Some of these documents can be quite burdensome. However, assuming you have followed the correct procedures for adopting the amendments it will probably take a few hours (perhaps 3-5) to review the prior documents, draft the amendment, and have a meeting or two along with the recording fees (which depends on the number of pages recorded).
I assume the question is asked because the HOA attorney is adding that amount to the money being collected - not because this is an attorney you hired. The problem with the question is that it doesn't have a satisfying answer. The amount of attorney fees that are reasonable is up to a judge and has no clear cut...
The other attorney is totally accurate. It depends on what you agreed to with the attorney in the fee agreement. Many attorneys in the Front Range of Colorado charge $300-$350/hour. So, $162 is not unreasonable given that fee range. However, it all depends on what you agreed to and how much time he spent on drafting up the letter.
Did you discuss the fee upfront with the attorney? Did you sign a retainer agreement re. the work that would be performed? Without knowing what you discussed beforehand with the attorney, hard to say whether the fee he/she charged was proper for the service (s) he/she performed on your behalf...
An HOA lawyer can also help with making changes to the governing documents to modify everything from architectural guidelines to increase the number of board members. Amending the HOA governing documents is no small act. The process can take some time and a great deal of work.
An HOA attorney can serve as general legal counsel when it comes to management concerns , such as disputes or accusations of discriminatory behavior.
Retaining the services of an attorney is important for every homeowners association. The HOA governing documents, as well as federal, state, and local laws, dictate many aspects of the community’s management. The association must follow these stipulations.
When the HOA board chooses to amend the governing documents, they should make sure the changes don’t come into conflict with existing stipulations. The alterations should also comply with federal, state, and local laws, such as the Fair Housing Act. An attorney can help with that as well as the proper wording of any changes to minimize the risk of liability.
If the board chooses to take further action, such as file a lawsuit or place a lien on the property, it will need the help of HOA attorneys. Of course, you should still make sure to act within the parameters of the governing documents.
Just as important as having an attorney, though, is finding the right one. Make sure to look at credentials, testimonies, and expertise when evaluating prospects. Beyond that, ensure that the attorney you ultimately select shares the same ideals as your association and works well with your board.
If a board is found to not be upholding these responsibilities or acting neglectfully, homeowners within the association may take legal action. The board of directors would then need legal representation, and in many cases, a lawyer they have already retained will be able to assist.
While most attorneys charge a flat rate, some will charge by the hour, with hourly rates ranging from $150 to $350, according to Thumbtack.
Draft the closing HUD-1 or settlement statement, which is a document that accounts for all of the costs involved in the home sale.
Real estate attorneys may give you the peace of mind that your home purchase will go smoothly, drastically lowering the possibility that you’ll be hit with any unexpected legal problems.
Some states require a real estate attorney for closing, while others don’t. In states that don’t require an attorney, it’s still a good idea to consider hiring one to help make sure everything is in good order. How much does a real estate attorney cost may factor into your decision-making given how many costs are associated with closing on a house .