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California condo owners face massive $19M HOA assessments for repairs
New York Post • • business
Key Points:
- California condo owners in Torrance and San Clemente are contesting multimillion-dollar emergency assessments imposed by their homeowners associations (HOAs), with individual charges exceeding $26,000 to $49,000 for major repairs.
- The Torrance complex faces $19 million in repairs, including a $13 million podium overhaul, while San Clemente residents argue their roof replacement was misclassified as an emergency, denying them a vote on the project.
- Homeowners express financial hardship and demand more transparency, competitive bids, and negotiation from the HOAs, some of which have threatened liens on properties for unpaid assessments.
- Legal expert Michael Kushner notes that while special assessments are increasingly common due to rising costs and regulatory demands, HOAs may sometimes exceed their legal authority, and California lacks a dedicated regulatory agency overseeing HOAs.
- Torrance residents have initiated legal action and are pursuing a recall of their HOA board amid ongoing disputes over the assessments and repair projects.
