Found 3 blog entries tagged as hoa.

Real Estate Word of the Day: Homeowner's Association

A homeowner's association is an organization within a residential community that establishes and enforces rules and regulations to maintain property values and quality of life for its residents. These communities can range from single-family homes and townhouses to condominiums and planned developments.

HOAs set forth rules and guidelines governing various aspects of community living, including architectural standards, landscaping requirements, noise regulations, and pet policies. These rules help maintain a cohesive and visually appealing neighborhood aesthetic.

Many HOAs are responsible for the upkeep of common areas such as parks, pools, clubhouses, and landscaping. These amenities…

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What is the HOA?

The Homeowners' Association (HOA), is an organization that is common among many developments such as gated communities, or housing subdivisions. The association is generally comprised of homeowners who have volunteered to serve as members of the HOA board. Therefore, they are responsible for providing regulations for the maintenance of the community, that residents within the community adhere to. With these regulations also come HOA fees, which pay for the upkeep of common areas around the neighborhood. According to the Community Associations Institute, about 20% of Americans live in a community that is regulated by a homeowners, condo associations, or co-op board.

What Exactly Do HOA Fees Cover?

The HOA fees can range from about…

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Every owner of condominium properties automatically becomes a member of a homeowners association, otherwise referred to a "HOA." With that membership come certain rights and responsibilities. The primary right that the owner has: to vote at HOA meetings and elect board members. Responsibilities include payment of condo fees and assessments, compliance with association by-laws and rules, and maintaining a condo unit in conformity with those by-laws and rules. Below are various other terms you may hear about from your new HOA.

Declaration of Condominium and By-Laws

The declaration of condominium establishes the existence of a condominium property. It gives the precise location of the property through a legal description and describes each individual…

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