Winners and Losers

The Administration assesses HOA Dues using illegal measures 

The law requires that the expenses of a Condominium regime have to be assessed on the basis of their share of co-ownership.

That is not to say this is the fairest way to assess HOA Dues, but it is the way the Law requires it.

The HPV Administration varies from the law in 2 important ways:

1. The distribution uses as key the number of lots instead of the share of  co-ownership as required by Law.

This problem was introduced as an unlawful regulation at the time of incorporation.

2. The Budget for a calendar year is artificially split in two positions. The first position is distributed for all lots, the second position only between built lots.

A meeting of the Home Owners Association  2017 introduced this scheme. This attempt was unlawful on multiple levels and applying it to assess HOA Dues leads to invalid results.

The table below shows the top 30 ‘Winners” (lots who pay less as required by law) and losers (lots who pay more than required by Law).

This analysis is for the budget Year 2022 alone. One can multiply by 5 to get a rough estimate what the damage or gain is since inception of this scheme in 2017.

A number 1,234 signifies an overpayment. A number in parenthesis  (1,234) signifies an underpayment