HOA Case Alert: A Very Un-Jolly Christmas for One North Carolina Homeowners Association
Last month, the North Carolina Court of Appeals delivered a lump of coal to one homeowners association. The case involved HOA-enforced construction bonds for ARC request, how those bonds, and any late fees associated with those bonds, are detailed in the CCRs, and the HOA Board's authority to interpret the CCRs.
Ultimately, the court ruled that a homeowners association is bound by the explicit authority granted to it in the governing documents, and that authority may not be expanded without amending the declaration.
Check out the full details, and read more about the case, on our HOA Ninja's blog!
If you have any questions about how this may impact your HOA, please contact us.