What is a Home Owners Association or HOA? by Qandas.com
Your front lawn is maintainted, access to a community pool, access to a community gym, clubhouse, exterior of your unit is maintainted – sound like a resort? Nope, it’s what you get living in an Homeowners Assciation “HOA”. For those who don’t live within one, here is an article that will give you the “411” on “What is a Homeowners Association”.
A home owners association or HOA is essentially an internal regulatory board often found in planned communities, gated communities, condominium complexes and subdivisions. A home owners association collects fees or “assessments” from individual home owners to cover certain expenses, such as maintenance of common areas, insurance, and health or safety improvements. An HOA also enforces the rules and regulations set forth by the developer or property owner.
One of the last things a property developer does is establish a home owners association to act as a non-profit organization with the authority to regulate the use of the property by individual home owners. Several home owners may volunteer to become officers for an HOA, including president, vice-president, treasurer and secretary. These volunteers may be rotated out of office on a regular basis to avoid political entrenchment issues.
A home owners association has the authority to enforce established rules and by-laws, including the right to fine individual home owners for flagrant violations. If a neighbor’s tree fell onto a
home owner’s driveway, for example, a home owners association would have the right to order the tree removed. If a fence violates the maximum height rule, a home owners association representative can order the home owner to replace the fence with a more acceptable one.
There are some critics of home owners associations who say they can be too aggressive in their enforcement of the rules. Favoritism towards certain residents is also a common accusation leveled at many HOAs. A well-run home owners association treats all of its members equally under the law and uses any fees or assessments to improve the common areas and maintain insurance coverage on the entire property.
Original Article by Qandas.com