Deferred Maintenance on HOA Draws a $27,500 Special Assessment

A Nevada HOA has passed an Special Assessment for $27,500.00 per unit…defrred maintenance dontcha know… View the TV report on video at Channel 4’s website by clicking our headine to go to TV 4’s site.

Residents of a Reno housing complex are upset over being hit with $27,500 assessment bills from their Home Owner’s Association with little help from the courts.

The Housing Association hit 32 property owners at the Riverside Terrace condominiums with a $27,500 a piece assessment bill even though records show a majority of the home owners voted against the assessment.

“The lady next door, she’s single,” Elmer Morgan said, Riverside Terrace resident. He says it’s a hardship on everyone he has spoken to in the community.

Morgan says the association has refused to do basic preventative maintenance, such as roof repair, for years and that’s why he says the complex is in its current bad shape.

The property assessment reports that “maintenance has either been inadequate, deferred or both.”

After years of seeming neglect, now the association wants to perform a million dollar upgrade at the residents’ expense.