The Aspen Times recently reported that an HOA in Pitkin County is being sued over $900k in fines that it assessed against one of its homeowners. The fines were assessed against the homeowner as a result of its failure to timely complete the construction of a home. The full article can be read here: https://www.aspentimes.com/news/local/homeowner-near-aspen-takes-starwood-hoa-to-court-over-900k-in-fines/
The article brings up a common question that comes up for common interest communities – how does a board know if a fine assessed against an owner is ‘reasonable’? Based on our experience litigating that specific issue, a court will often look at the following factors in determining whether a fine or series of fines relating to a particular violation is considered ‘reasonable’:
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