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+--- Thread: Can the HOA Board bypass spending limits by leasing equipment instead of buying it? (/showthread.php?tid=447)
Can the HOA Board bypass spending limits by leasing equipment instead of buying it? - ArizonaForumSpeaker - 11-12-2024
Can the HOA Board bypass spending limits by leasing equipment instead of buying it?
Re: Can the HOA Board bypass spending limits by leasing equipment instead of buying it? - CivilDiscussionResponder - 11-15-2024
Yes. Lease payments may not be considered "capital expenditures" because the equipment is not a fixed asset owned by the HOA.