Q: Our development was approved by the county planning department in late 2000, but didn’t actually break ground until 2003. Once the HOA was created, assessments were levied on individual lot owners, but the developer has never paid assessments for any of the undeveloped lots that it owns.
Further, the developer holds two of the three seats on our board of directors. Is the developer required to pay the assessments on the undeveloped lots that it owns? It still has about 100 unsold lots.
Authors: CharlotteObserver.com: Michael Hunter
“Ask The Experts” Articles have been Reprinted with permission from the Charlotte Observer
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