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Maryland House Bill 107, also known as HB107, is a Maryland state law passed in 2022 that mandates that condominiums, housing associations, cooperatives, and homeowner associations complete a reserve study by October 1, 2023. [1]
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
The common ground and lakes within our community were platted to the Water Management District. The HOA uses the land that was platted to the Water Management District for a few social events each ...
HOA foreclosures differ somewhat from those initiated by banks or mortgage lenders. Scams sometimes follow foreclosure filings, and a lawyer may be able to help you navigate the process.
If your insurance won’t cover your share of a special assessment, it’s worth reviewing your HOA’s governing documents to make sure the assessment is legal in the first place.
The term neighborhood association is sometimes incorrectly used instead of homeowners association. But neighborhood associations are not homeowners associations - groups of property owners with the legal authority to enforce rules and regulations that focus on restrictions and building and safety issues.
The flag of the United States. The Freedom to Display the American Flag Act of 2005 (Pub. L. 109–243 (text), 120 Stat. 572, enacted July 24, 2006) is an Act of Congress that prohibits condominium associations, cooperative associations, and residential real estate management associations from restricting homeowners from displaying the flag of the United States on their property or property as ...