Tag Archives: home owners association
5 Tips for Same Sex Couples and Home Owners Associations (HOA’s)
Home Owners Associations (HOA), is an organization of property owners in a subdivision, development or condominium complex that administers the rules and covenants of that neighborhood or community. Covenants are legal, contractual agreements that are said to run with the land, meaning that the covenant cannot be separated from the land and is transferred with it when the property is sold. They are used to enforce certain standards of the community to keep property values from falling and can prohibit […]
Gay Realtor Warning on Buying Condominiums, Lofts or Townhomes
If you are purchasing a home then consider yourself likely to be among the 25% of individuals who purchase a property with a home owners association (HOA). Normally, all properties have issues, but HOAs have their own exclusive collection of additional operational, financial and legal issues that all buyers must analyze, review and consider in concurrence with their interest in buying a property. Many people are reluctant to purchase an HOA because of horror stories that are linked to them, […]
Should I volunteer to serve on my HOA board?
Home Owners Associations (HOA’s) are established to watch out for the interest of the property and individuals that live in the property the HOA oversees. Many smaller HOA’s are self-managed, meaning in addition to managing the HOA, they are actively involved in the daily management, maintenance, budgeting and capital improvements of the property. HOA’s work to establish resident and property criteria that will insure that all residents continue to be satisfied with their living arrangements, that the value of the […]