Judge forces Paradise Spa landlord to pay up
The Paradise Spa landlord has been ordered to pay the HOA so that residents aren't forced to live without heat and water.Photo: Video by ktnv.com
Las Vegas, NV (KTNV) -- The residents of Paradise Spa have earned a hard-won victory this week. A judge is forcing their landlord to pay up so that they will not be forced out of their home.
Since Action News' story broke in late 2010, Paradise Spa has been raided by law enforcement and the former board treasurer is under indictment for theft and embezzlement.
The Beverly Hills millionaire and real estate mogul Aaron Yashouafar isn't on the board anymore but he still owns most of the units at Paradise Spa.
The problem is that he has not been paying his dues so the homeowner's association hasn't been able to consistently pay the utility bills and residents have often been forced to live without heat and hot water.
A judge has ordered Yashouafar and his partners to post a half-million dollar bond within 10 days and give the HOA $42,000 every month to pay expenses.
The court also noted that the new HOA board will be responsible and will be held accountable.