(FL) Inadvertently bought into an HOA that’s entirely controlled by the developer

I had no idea that the residents of the HOA had no say in the HOA. Before I closed, I saw the HOA’s budget and saw that the developer was putting in $1 million into the budget each year (may be mistaken, but that’s how it looked to my untrained eye), but the realtor didn’t know (I actually think she fully knew) anything about this.

Apparently it’s been this way for 3 years, and with the massive area of land that can still be developed, I suspect it can go on for a few more years. From what I understand, the developer themselves are the only ones that can put the HOA’s governance back to the homeowners.

I recently made a request for an improvement that would cost the HOA a few thousand, and I was simply told “not in budget”. Well, I’m not surprised, but the question is how do we get it in budget.

I’m hoping this sub can help me understand if I have certain rights, and if so, how I can exercise them.

submitted by /u/spe-swa
[link] [comments]

I had no idea that the residents of the HOA had no say in the HOA. Before I closed, I saw the HOA’s budget and saw that the developer was putting in $1 million into the budget each year (may be mistaken, but that’s how it looked to my untrained eye), but the realtor didn’t know (I actually think she fully knew) anything about this. Apparently it’s been this way for 3 years, and with the massive area of land that can still be developed, I suspect it can go on for a few more years. From what I understand, the developer themselves are the only ones that can put the HOA’s governance back to the homeowners. I recently made a request for an improvement that would cost the HOA a few thousand, and I was simply told “not in budget”. Well, I’m not surprised, but the question is how do we get it in budget. I’m hoping this sub can help me understand if I have certain rights, and if so, how I can exercise them. submitted by /u/spe-swa [link] [comments]

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