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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. [1]
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.
A community association is a nongovernmental association of participating members of a community, such as a neighborhood, village, condominium, cooperative, or group of homeowners or property owners in a delineated geographic area.
A healthy reserve fund means the HOA has enough savings for maintenance and emergencies — while a low or depleted fund could lead to sudden special assessments. Read the bylaws and CC&Rs carefully
The HOA governs the CID based upon the incorporated covenants, conditions, and restrictions (CC&Rs) which were recorded when the property was subdivided. [citation needed] The CC&Rs will outline the financial budgeting guideline for the HOA in determining the dollar amount in maintenance fees for assessing the owners. In a wholly owned CID ...
Homeowners associations can suspend your pool privileges, fine you up to $100 a day for chronic violations, or even unleash the nuclear option of foreclosing on your home. Here are your rights as ...
For some “hoa hoa hoa season” sparks the desire to don cozy sweaters, drink hot chocolate, and settle in for a marathon of the Twilight saga. “No song can bring me as much nostalgia as this ...
Hoa businessmen also collaborated with the French and other European capitalists in tapping the ample riches of Vietnam's well-endowed natural resources and exploiting the indigenous Kinh at their expense via the laissez-faire economic policies enshrined under the aegis of the French colonial authorities to enrich themselves.