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.
I recently received a bill from my HOA asking for $200 capital contribution. I was surprised because I've already paid the $150 capital contribution at closing back in March. I called the Management Company and they said it's the contribution to another HOA which is the master of my HOA.This sounds like a charge that they simply made up to get more money. As far as I know, HOA Capital Contribution is a ONE-TIME fee paid @ closing.The HOA had their ONE-TIME chance to collect the capital contribution and that's it.Plus, the fact that my HOA falls under a master association does not give them the rights to make up extra fees like Master Capital Contribution, which is never heard of.he HOA had their ONE-TIME chance to collect the capital contribution and that's it. Plus, the fact that my HOA falls under a master association does not give them the rights to make up extra fees like Master Capital Contribution, which is never heard of.