Wednesday, July 25, 2007

Homeowners Associations: CAI-CLAC opposition to AB 952
Here is a link to AHRC's posting of the email the Community Associations Institute sent out explaining why they oppose California bill AB 952. Here is CAI's summary of the bill's effect:

AB 952 would allow a mere handful of owners to VETO any increase of a homeowner association assessment (excluding emergency assessments) where the majority of homeowners have determined that an assessment increase of more than 20% of the current assessment is necessary to maintain the value of their homes.

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