11. Developers don't pay assessments. Board
members, like all other HOA residents, do.
In a new development, it's not uncommon for the developer to draft
documents so that it's exempt from paying regular assessments. Rather, the
developer assumes the responsibility for funding the budget until there are
enough residents paying assessments to cover association expenses and
transition to homeowner control.
Board members under a homeowner-controlled board all live within
the community, and like all other residents, are required to pay
regular assessments.
