Case Law: Finances

  • Raven’s Cove Townhomes, Inc. v. Knuppe Development Co.
    (1981) 114 Cal.App.3d 783
    [Fiduciary Duties; Reserve Account] A HOA board’s failure to properly fund a reserve account constituted a breach of their fiduciary duties to the HOA and its members.
  • Watts v. Oak Shores Community Association
    (2015) 235 Cal.App.4th 466
    [Operating Rules; Rental Activities; Board Deference] Homeowners associations may adopt reasonable rules and impose fees on members relating to short-term rentals of condominium units.