Question:
Does EACH property owner have equal shares in the HOA, or does one have more say so at decision making than another person on the board…
Say if their house is bigger than my house, does this make that person have more “interests” in the property ?
– Marilyn
Answer:
It depends on your governing documents. Both the Minnesota Condominium Act and the Minnesota Common Interest Ownership Act defer to an HOA’s declaration for the allocation of interests when it comes to common elements, voting, and expenses. The Common Interest Ownership Act even requires declarations to set forth the formulas used to establish the allocations of interests.
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