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HOA Does Not Provide Actual Costs of Capital Improvements
Hi, I lived in a townhouse unit with HOA as my primary residence and sold it after 30 yrs. I have sent e-mail request with follow-ups for the past 3 weeks for the actual costs of the major recent capital improvements like new roof, fences and road pavements but I have been stonewalled. No reply at all. I really need the figures to compute my pro-rated share by multiplying it by 0.0024875 (1/402 total units in the community) and legally adjust my Cost Basis for computing my Capital Gains.
What can I do? I have read some postings here that I cannot use the published annual budget for those capital improvement projects. Thank you for your help!
March 26, 2024
12:47 PM