54°F
weather icon Clear

Homeowner complains about board, fee hike

Q: I have a homeowners associaiton where the dues jumped from $289 to $600 because they can’t get a master insurance policy. I need help on fighting this.

Also, how do I go about petitioning for the entire board removed with new members. The community doesn’t want this board anymore.

Any guidance, advice or help would be greatly appreciated. Thank you.

A: Nevada Revised Statute 116.3113 states that associations shall maintain, to the extent reasonably available and subject to reasonable deductibles, the following insurance coverages: property insurance on the common elements, commercial general liability insurance, crime insurance, directors and officers insurance. In the case of a building that contains units divided by horizontal or vertical boundaries, the insurance maintained, to the extent reasonably available, must include the units but not the improvements or betterments installed by the unit owners.

You do not provide information as to why the significant increase in their insurance premiums. Generally, such an increase pertains to multiple claims and increased liability.

As to the second part of the your email about recalling the board of directors.

To call for a special meeting of the homeowners, the owners must submit a petition signed by at least 10 percent or any lower percentage specified in the covenants, conditions and restrictions of the total number of voting members. Upon receiving the request for the meeting, after verifying the signers as owners in the association, the board shall set a date for the recall meeting not less than 15 days and not more than 60 days after the date the petition is received. (NRS 116.3108) and NRS 116.31036 (2)).

Under NRS 116.31036, removal of a board member or members, the law has two requirements. At least 35 percent of the total voting members of the association vote on the matter of the recall; and second that at least a majority of the votes cast approve the recall.

The secret written ballots must be sent not less than 15 days nor more than 60 days after the date the petition has been received.

The board shall set a date for the meeting to open and count the ballots not more than 15 days after the deadline for returning the secret written ballots and not later than 90 days after the date on which the petition was received.

Only the secret written ballots that are returned may be counted to determine the outcome.

Barbara Holland is an author and educator on real estate management. Questions may be sent to holland744o@gmail.com.

LISTEN TO THE TOP FIVE HERE
SPONSORED BY BEST MATTRESS
Don't miss the big stories. Like us on Facebook.
THE LATEST
Renter says HOA board member is harassing her

You could speak with an attorney or one of the investigators at the Nevada Real Estate Division to determine your options, other than moving out when your lease expires.

Homeowner should call utility not police over sewer bill

A simple phone call to the Water Reclamation District will confirm the payment received by your management company and for the period of time that was covered with the payment.

Homeowner says it’s time to for HOAs to ditch Zoom meetings

Q: It’s been four years since COVID, and quite frankly, I’m tired of hearing excuses from lazy people who refuse to convene as normal. And while I understand the convenience of Zoom meetings, they are not without fault and major issues.

HOAs must file BOI reports with FINCEN

Failure and/or refusal to file timely beneficial ownership information, or BOI, reports or updates can be punishable both criminally and civilly.

FINCEN’s position unclear on HOA beneficial ownership

FINCEN may consider community managers as having substantial control under the other provisions of that regulation as well. At this time, it is unclear what FINCEN’s position on this issue will be.

A new anti-money laundering law will affect HOAs

In a recent email from U.S. Sen. Catherine Cortez Masto, she confirmed that most community associations will be subject to the Anti-Money Laundering/Corporate Transparency Act.

HOA says it can’t afford management company

You do not need a licensed manager if your board takes the responsibility of managing your association.

HOA board wants a cut of the community game money

Our new HOA board has decided, based on information from our new management company, that from here forward they will take 5 percent of the winnings from our clubs — poker, bunco and trivia.

SNWA raises Water Smart Landscape Rebate

The Southern Nevada Water Authority has temporarily increased the Water Smart Landscape Rebate (WSLR) for homeowners from $3 to $5 per square foot of grass upgraded to water-efficient landscaping for the rest of 2024.

Why are HOA potlucks so complicated?

Q: Are there any requirements for a potluck that would be held at the community clubhouse? I received three conflicting opinions.