Is our HOA required to mail a balance sheet to homeowners?

Full question:

Our HOA has provided its balance sheet electronically on their website. Are they required by law to mail every homeowner a copy as well?

  • Category: Real Property
  • Subcategory: Homeowner's Association
  • Date:
  • State: Florida

Answer:

Unless the by-laws specifically require it, a homeowners association (HOA) is not obligated to mail a balance sheet to each homeowner.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, homeowners can request an audit of their HOA's financial records. While the specific process may vary by state and the HOA's governing documents, many associations are required to provide access to financial information upon request. Check your HOA's bylaws for any specific provisions regarding audits.