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Transcript:
00:00:00: Often times HOAs are unfortunately not transparent with their financials and by financials I mean their bank statements their contracts any sort of agreements they have uh with vendors as it relates to uh work that’s being done in the community all of these things are required to be kept by the Association and what’s known in the association official records the law provides that the association must keep all documents within its official records for the past 7 years as a homeowner you have the
00:00:40: Right to complete an inspection of the association’s official records you can ask for all of the documents the association has and more recently the law has changed in favor of the homeowner where the association has certain requirements such as providing a list of all the documents that were produced to the homeowner as well as Which documents were not produced to the homeowner during the inspection process so as a homeowner you absolutely have the right to inspect all Association records and the reason why is because
00:01:14: You’re a part owner of that Association by being a homeowner and you have a right to know everything that’s going on as well as where the money you pay to the association goes [Music]
