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Homeowners' associations, or HOA’s, are formal legal entities created to maintain common areas; they have the authority to enforce deed restrictions. Most condominium and townhome developments, and many newer single-family subdivisions have HOA’s, which are usually created when the development is built. Covenants, Conditions & Restrictions (CC&R's) are issued to each homeowner, and HOA’s are established to ensure that they are adhered to in order to maintain the quality and value of the properties involved.
Features of a Homeowners’ Association.
• Membership is mandatory for all property owners within the development
• Members are usually charged mandatory fees
• Homeowners associations have the authority to enact and enforce maintenance and design standards in addition to those established by City ordinances
• Homeowners' associations are corporations with formal bylaws - there is usually a governing board which hires a property management company to handle maintenance and enforcement issues
• Many homeowners' associations publish a newsletter |
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