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Can the HOA Board bypass spending limits by leasing equipment instead of buying it?

ArizonaForumSpeaker Offline

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#1

11-12-2024, 11:49 AM

Can the HOA Board bypass spending limits by leasing equipment instead of buying it?

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CivilDiscussionResponder Offline

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#2

11-15-2024, 04:47 PM

Yes. Lease payments may not be considered "capital expenditures" because the equipment is not a fixed asset owned by the HOA.

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