answersLogoWhite

0


Best Answer

No.

Unless there is a specific entry in the governing documents that forgives the president's obligation, the president pays assessments, just like every other owner.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: The president of the home owners association does not pay a monthly association fee and every body else pays-is this correct?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Two people purchased home with a homeowner association and are not part of the association?

If the homes are within the provenance of the association, the new owners are automatically members of the association and are required to pay monthly assessments and live in the property according to the governing documents.


When was Norwegian Forest Owners Association created?

Norwegian Forest Owners Association was created in 1913.


When was National Association of Theatre Owners created?

National Association of Theatre Owners was created in 1965.


How is the monthly dues of a home owners association handled in a chapter 7 bankruptcy?

Your bankruptcy attorney is best prepared to answer your question, especially if you expect to continue living in the home.


How can you email the president of your home owners association?

Generally, you'll need an e-mail address to accomplish this task. Your board or your property manager can supply you with the contact details for your president.


Monthly dues for Terra Oaks Homeowners Association in Redding California?

A local realtor may be able to answer your question. Note that monthly assessments are collected from owners of any association, to operate the community. There is no set standard, and associations are different in different years. Dues would be paid for additional privileges, such as access to the recreation facilities on the property.


When was National Association of Women Business Owners created?

National Association of Women Business Owners was created in 1975.


Is it legal for the ex-president of a home owners association not to turn over the books to the new president?

Because a home owners association is probably a corporation, you could ask the same question of Boeing's president or the president of Goldman Sachs.In those corporations, the subject wouldn't come up, because in those corporations, the transfer of roles and responsibilities is handled by more than just one person.Whether it's legal or not isn't the issue; whether it's childish or not may be a clue to what's really going on in this question.It is the responsibility of the president to turn over all the materials relevant to the position and relevant to the governance of the association to the newly elected association president.This action should be and can be monitored by the board of directors and the membership, composed of other owners.


Does a garage door opener need to be inspected?

It is recommended to test safety reverse features as per owners manual monthly. International Door Association should have info about testing on website


Can a home owners' association prohibit jogging on streets?

They can if the streets are owned by the home owners' association rather than by a municipality.


I am new to my home owners association who is currently being managed by a company. How do I get more involved in th decisions made by the association Many sources are unhappy with current situation. I want to help.?

I would try to attend many of the home owners meetings and voice your opinion. You can find this information of the meeting times through your monthly news letter.


Who assesses condominium owners?

Condominiums are corporations that operate living quarters, the shared exteriors and amenities for which are owned by all members of the condominium association. (The interior of the living units are owned individually). In order to operate the condominium property, individual unit owners pay monthly assessments to the association. The association uses these assessments to pay its bills, including insurance premiums, landscaping and property management services -- and more if the property has other amenities (pool, golf course, etc.), and to make a monthly contribution to reserves, which the association uses to pay to replace real estate assets at the end of the asset's useful life. The association is led by a board of directors. Part of their job is to develop an annual budget and collect assessments from every owner so that the expenses based on the budget can be paid.