Mark Burns is Associate Professor in the Department of Political Science and former Director of the Health Administration Program at Auburn University.
HOA fees are based on a variety of things. The management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead.They then add on their profit margin for servicing the account.he management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead. They then add on their profit margin for servicing the account.
A home-buyer should work with his realtor and or the title company to request copies of these documents from the HOA Board or the HOA's managing agent. There could be a fee for copying these documents so be sure to ask about the fee when you make your request.Read these documents carefully.HHR suggests property owners in mandatory HOAs pay their dues in full and on time, if at all possible. If property owners know they are unable to pay their dues on time, THHR suggests property owners contact their HOA boards and explain the situation.