Hayward HOAs assess dues under Davis-Stirling Act limits: regular increases capped at 20 percent and special assessments at 5 percent of annual budget without member vote.
Under California Civil Code 5605, Hayward HOA boards can raise regular assessments by up to 20 percent per fiscal year without a member vote, and impose special assessments up to 5 percent of the budgeted gross expenses for that year without a vote. Increases beyond these limits require approval by a majority of owners at a meeting with a quorum of more than 50 percent. Boards must distribute an annual budget and reserve funding disclosure at least 30 days before the start of the fiscal year. Delinquent assessments accrue interest up to 12 percent, late fees, and collection costs. HOAs can record liens and pursue foreclosure for unpaid assessments over 1,800 dollars or delinquent more than 12 months.
Contact your local code enforcement office for specific penalty information.
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