Legal Question in Business Law in Pennsylvania
Shareholders gang up on other shareholders in Homeowner Association
My homeowner association is incorporated as a non-profit in Pa. There are 59 shares and 39 homes. Homeowners have either 1 or 2 shares mostly depending upon original lot size.
The homeowners with 2 shares control the vote and have used it to the disadvantage of the single share homeowners.
Recently, 39 additional acres was purchased. While owned by share, it was assessed on a per home basis. As I see it my single share has to pay twice the price for this new property as those others. Can they legally have it both ways: limit my vote and overcharge me too??
1 Answer from Attorneys
Re: Shareholders gang up on other shareholders in Homeowner Association
Your questions raises issues of business, fiduciary, and real property law. These are very complex, and the outcome of whether the association can legally do what you state is occuring depends heavily on many facts you have not supplied. Unfortunately, this is a complex question that does not lend itself to a simple solution over the internet. There are several arguments you may make, and I urge you to contact a qualified attorney to discuss this matter. I'm sorry I could not be of more help in this forum, but I can provide you with more information if you wish to call me at (215) 545-4830.
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